OPEN-SOURCE SCRIPT
simrido+ADX
blue area is srd (simrido. i cannot find proper english word. so i named it srd)
red is ADX
if blue is increasing (or higher than 50), it mean price increasing.
ok i like SRD. it looks like RSI. so good!
--------
blue increase + ADX decrease = price can be decrease soon (or decreasing already?)
This is not my idea. it something like Divergence...
well....i still cannot understand this idea.
:)
anyway i hope you enjoy this indicator.
red is ADX
if blue is increasing (or higher than 50), it mean price increasing.
ok i like SRD. it looks like RSI. so good!
--------
blue increase + ADX decrease = price can be decrease soon (or decreasing already?)
This is not my idea. it something like Divergence...
well....i still cannot understand this idea.
:)
anyway i hope you enjoy this indicator.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.