OPEN-SOURCE SCRIPT
Customizable ADX with Levels
This indicator allows traders to monitor momentum in the market using the ADX (Average Directional Index) with enhanced flexibility. You can set a custom ADX level (default is 20) to identify when the market has strong momentum, as well as adjust the color and thickness of the ADX level line. The indicator also provides a background color change, highlighting when the ADX is above or below the specified level, helping you quickly spot momentum shifts. Additionally, it includes an adjustable ADX smoothing period for more precise readings.
Perfect for intraday traders and scalpers looking to identify trends and momentum in any market.
Perfect for intraday traders and scalpers looking to identify trends and momentum in any market.
Skript med en öppen källkod
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. Du kan ange den som favorit för att använda den i ett diagram.
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