Tradelivio's Ranging vs Trending Indicator ADX

Description

⋅ May 8, 2021 5:33 PM

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.

Comments

gregn

⋅ May 9, 2023 5:30 AM

Do you sell the code to this?

Reusuc14

⋅ Jan 19, 2022 6:00 PM

Thank you so much for this. This works so well with the Supertrend Indicator !!