OPEN-SOURCE SCRIPT
ADX Flaeche (TIG)
Here is a professional and concise description for your TradingView script, written in English.
ADX Area (SMA) with Price Scale
This indicator provides a clean, visual representation of trend strength using the Average Directional Index (ADX). Unlike the standard Wilder’s smoothing, this version utilizes a Simple Moving Average (SMA) for the final ADX calculation, making it slightly more responsive to recent price changes while maintaining clarity.
How it works:
Trend Strength Visualization: The indicator plots the ADX as an area chart.
Dynamic Coloring: When the ADX rises above the user-defined threshold (default is 20), the area turns Blue, signaling a strengthening trend. When below the threshold, the area remains Gray, indicating a weak trend or sideways market.
Integrated Price Scale: Designed specifically to keep your workspace organized, the current ADX value is displayed clearly on the price scale (y-axis) for quick reference.
Key Features:
Customizable Length: Adjust the lookback period for the ADX calculation.
Adjustable Threshold: Define your own "trend vs. range" boundary (e.g., 20 or 25).
Visual Clarity: The shaded area allows you to see at a glance whether the market is gaining momentum or losing steam without cluttering your main price chart.
How to use:
Blue Area: Look for potential trend-following entries as the trend intensity increases.
Gray Area: Exercise caution or look for mean-reversion strategies during low-volatility periods.
Slope: A rising ADX indicates an accelerating trend (regardless of direction), while a falling ADX suggests a weakening trend.
Settings:
ADX Length: 14 (Default)
Trend Threshold: 20 (Default)
ADX Area (SMA) with Price Scale
This indicator provides a clean, visual representation of trend strength using the Average Directional Index (ADX). Unlike the standard Wilder’s smoothing, this version utilizes a Simple Moving Average (SMA) for the final ADX calculation, making it slightly more responsive to recent price changes while maintaining clarity.
How it works:
Trend Strength Visualization: The indicator plots the ADX as an area chart.
Dynamic Coloring: When the ADX rises above the user-defined threshold (default is 20), the area turns Blue, signaling a strengthening trend. When below the threshold, the area remains Gray, indicating a weak trend or sideways market.
Integrated Price Scale: Designed specifically to keep your workspace organized, the current ADX value is displayed clearly on the price scale (y-axis) for quick reference.
Key Features:
Customizable Length: Adjust the lookback period for the ADX calculation.
Adjustable Threshold: Define your own "trend vs. range" boundary (e.g., 20 or 25).
Visual Clarity: The shaded area allows you to see at a glance whether the market is gaining momentum or losing steam without cluttering your main price chart.
How to use:
Blue Area: Look for potential trend-following entries as the trend intensity increases.
Gray Area: Exercise caution or look for mean-reversion strategies during low-volatility periods.
Slope: A rising ADX indicates an accelerating trend (regardless of direction), while a falling ADX suggests a weakening trend.
Settings:
ADX Length: 14 (Default)
Trend Threshold: 20 (Default)
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.