OPEN-SOURCE SCRIPT
Mis à jour ADX-vALMA (N)
Its an advanced version of the Average Directional Index (ADX) designed to identify trend strength and direction with less lag and better smoothing.
Here is the breakdown of what it does:
1. Volume-Weighted ALMA (vALMA)
Instead of standard moving averages, this script uses ALMA (Arnaud Legoux Moving Average) weighted by volume.
The Benefit: It reduces the "lag" typically found in indicators while maintaining a very smooth line. The volume weighting ensures that price moves with high trading activity carry more weight.
2. Normalized ADX Mode (option)
You can toggle between two modes:
- Standard ADX: The classic calculation of trend strength.
- Normalized ADX: Rescales the ADX values to a 0–100 range based on a specific lookback period (default 50 bars). This helps identify trend surges relative to recent market behavior.
3. Visual Buy/Sell Signals
The script automatically plots shapes on your main price chart:
Green Triangle Up: Appears when the DI+ (bullish pressure) crosses above DI- (bearish pressure).
Red Triangle Down: Appears when the DI- crosses above DI+.
Note: There is a "Visual Offset" setting that allows you to shift these icons horizontally.
4. Dynamic ADX Coloring
The main ADX line changes color based on its slope:
Lime: Trend strength is currently increasing.
Red: Trend strength is fading or the market is entering a sideways phase.
5. Trend Filtering
It includes a Trend Threshold (defaulted at 22). When the ADX line is above this level, it indicates the market is in a strong trending state; below it, the market is considered "choppy" or range-bound.
Summary: It is a sophisticated trend-following tool that combines directional movement (DI+/DI-) with a high-tech filter (vALMA) to provide cleaner signals than the default ADX.
Here is the breakdown of what it does:
1. Volume-Weighted ALMA (vALMA)
Instead of standard moving averages, this script uses ALMA (Arnaud Legoux Moving Average) weighted by volume.
The Benefit: It reduces the "lag" typically found in indicators while maintaining a very smooth line. The volume weighting ensures that price moves with high trading activity carry more weight.
2. Normalized ADX Mode (option)
You can toggle between two modes:
- Standard ADX: The classic calculation of trend strength.
- Normalized ADX: Rescales the ADX values to a 0–100 range based on a specific lookback period (default 50 bars). This helps identify trend surges relative to recent market behavior.
3. Visual Buy/Sell Signals
The script automatically plots shapes on your main price chart:
Green Triangle Up: Appears when the DI+ (bullish pressure) crosses above DI- (bearish pressure).
Red Triangle Down: Appears when the DI- crosses above DI+.
Note: There is a "Visual Offset" setting that allows you to shift these icons horizontally.
4. Dynamic ADX Coloring
The main ADX line changes color based on its slope:
Lime: Trend strength is currently increasing.
Red: Trend strength is fading or the market is entering a sideways phase.
5. Trend Filtering
It includes a Trend Threshold (defaulted at 22). When the ADX line is above this level, it indicates the market is in a strong trending state; below it, the market is considered "choppy" or range-bound.
Summary: It is a sophisticated trend-following tool that combines directional movement (DI+/DI-) with a high-tech filter (vALMA) to provide cleaner signals than the default ADX.
Notes de version
Added D+, D-, and TR smoothing selection options:- Fast - smoothing based on the volume-weighted average ALMA (vALMA)
- Standard - smoothing as in the original Wilder indicator (RMA)
The ADX curve remains unchanged - it is still based on vALMA
Notes de version
Chart update - indicating differences between the quick and standard versionsScript open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.