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Tradelivio's Ranging vs Trending Indicator ADX

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Average Directional Index (ADX) Trend Analysis trending ranging range trend tradelivio ADX
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averagedirectionalindex trendanalysis trending ranging range trend tradelivio adx
This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending.

Default setting are as follows:
  • 0-15 Absent Trend
    15-25 Weak Trend
    25+ Strong Trend

FYI:

50-75 Very Strong Trend
75-100 Extremely Strong Trend

You can configure 3 levels of strength (Absent, Weak & Strong)


Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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