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OPEN-SOURCE SCRIPT

ADX Thrust Reversal & Trend

By Chartistician

    2. Created by Love Sharma, CMT, CFTe
    4. the idea is simple. there needs to be thrust in prices before adx goes above any barrier or level say 25/10 or even 10/ The Di plus or Di minus should be above ADX. This indicates the change in direction or change in underlying price and obviously followed by ADX indicator which is dependent on user which level it exceed.
    6. The ADX - Shows Trend Strength
    8. The =/- Di show Thrust or reversal in prices.
    10. it helps in entering the directional change in prices early rather than waiting for ADX
ADXBreadth IndicatorsDMIreversalTrend AnalysistrendtradingVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Chartistician
Lovelesh Sharma
CMT, CFTe
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