ADX Box

Description:

The ADX Box indicator provides traders with a quick and intuitive way to monitor the current trend strength based on the Average Directional Index (ADX), calculated with a customisable period (default: 7 periods).

This compact indicator neatly displays the current ADX value rounded to one decimal place, along with a clear directional arrow:

Green upward triangle (▲): Indicates that ADX is rising above its moving average, signaling increasing trend strength.

Red downward triangle (▼): Indicates that ADX is declining below its moving average, signaling weakening trend strength.

Key Features:

Small and clean visual representation.

Dynamically updates in real-time directly on the chart.

Ideal for quick trend strength assessment without cluttering your workspace.

Recommended Usage:

Quickly identifying whether market trends are strengthening or weakening.

Enhancing decision-making for trend-following or breakout trading strategies.

Complementing other indicators such as ATR boxes for volatility measurement.

Feel free to use, share, and incorporate this indicator into your trading setups for clearer insights and more confident trading decisions!