OPEN-SOURCE SCRIPT

hap adx

56
Adaptive ADX & DI Color Bars – Indicator Description

This indicator is an advanced ADX-based momentum and trend strength visualizer.
Instead of displaying raw ADX and DI values only, it dynamically changes bar colors
based on the relationship between ADX, +DI, and −DI, making market conditions
instantly readable.

Core Logic:
- Rising ADX indicates increasing momentum and trend strength
- Falling ADX signals weakening trend or transition to range
- +DI vs −DI defines bullish or bearish directional control

Color States:

Strong Bullish Trend:
- ADX is rising
- +DI is above −DI
- Shows strong bullish momentum and trend continuation

Weak / Early Bullish:
- +DI above −DI
- ADX flat or weakening
- Trend exists but momentum is not fully confirmed

Strong Bearish Trend:
- ADX is rising
- −DI is above +DI
- Strong bearish dominance and continuation

Weak / Early Bearish:
- −DI above +DI
- ADX weakening
- Selling pressure exists but momentum is fading

No-Trade / Range Zone:
- ADX is low or clearly declining
- +DI and −DI are close or frequently crossing
- Market is ranging or indecisive

Why This Indicator Is Useful:
- Removes the need to interpret raw ADX values
- Visually highlights trend strength, weakness, and transitions
- Helps avoid low-quality trades during weak momentum
- Works perfectly as a trend filter for scalping, day trading, and swing trading

Best Use Cases:
- Trend confirmation
- Momentum filtering
- Entry quality validation
- Avoiding false breakouts in low ADX conditions

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.