ADX Color Easy [Dravya]

STATE BK OF INDIANSE

설명

⋅ 2017년 1월 23일 오전 8시 52분

Script #1

So,
here is my first script.

This is the normal 14 period ADX,
but with a color twist, to make it extremely easy on eyes.
and then,
easily spot the strength.

ADX, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.

How to use this script ?

1. We don't trade when ADX is in the red zone (0-20)
2. We get ready for trading when it enters the blue zone (20-30)
3. We trade when the ADX enters the green zone (>30)

Simple, right !

Now, in the green zone,
in which direction you should trade?

Here are a few links, to help you use ADX as a strategy ,

tradingsetupsreview.com/the-holy-grail-trading-setup/
babypips.com/school/elementary/common-chart-indicators/average-directional-index.html

Other than this, you can combine this with your own strategies.

Personally, I like to use it on stocks on 1H timeframe.

Thanks.
Would love to hear from you.

Please like it to support the project,
and help spread it.

코멘트

AMBRISH

⋅ 2017년 1월 27일 오전 3시 15분

Thanks for ADX script .
All the best.

dravya

⋅ 2017년 1월 27일 오전 3시 49분

@AMBRISH, You're welcome. Wish you the same.

CodyMaki

⋅ 2022년 8월 10일 오전 3시 0분

great idea but super leggy and lots of opportunities missed if you fixed this it would be better but i wouldnt use this

paakash17

⋅ 2021년 12월 31일 오전 10시 35분

How do i chaneg ADX color when it is above 20?

rajpurohit_np

⋅ 2021년 12월 4일 오후 1시 23분

its working on version 3 , current trading view version is 5" we have to change version present to past so we have type version 3

rajpurohit_np

⋅ 2021년 12월 4일 오후 1시 20분

its not working plz update

Hociemocie

⋅ 2021년 8월 21일 오전 12시 57분

One of my favorite money makers for some time - thank you!!!