Green Trend, Red Chop Zone [rambijey]

This indicator offers a fresh perspective on the classic ADX. Instead of looking at the absolute ADX value, it focuses on the ADX Slope (Velocity).

The goal is to visually filter out market noise (Chop) and pinpoint exactly when a trend is accelerating.

The 4 Market Phases:

🟢 Green (Strong Bullish): ADX is rising fast, and Bulls are in control (+DI > -DI).

🔴 Red (Strong Bearish): ADX is rising fast, and Bears are in control (-DI > +DI).

🟡 Yellow (Neutral): ADX is flat or moving slowly. Transition phase.

⚪ Gray (Chop Zone): ADX is falling rapidly. The trend is dying, leading to consolidation or ranging markets.

Usage Tips: Avoid trading during Gray zones to prevent whipsaws. Look for entries when the histogram bursts into Green or Red, indicating a fresh surge in trend strength.