PROTECTED SOURCE SCRIPT
xAdx [AuraX 㔬]
# xADX
enhanced indicator. It measures the strength of a trend in detail. The xADX value ranges from 50 to -50, where it moves further away from 0 in either direction suggests a movement of greater strength.
Identifying trends:
The xADX helps identify the presence and strength of a trend, allowing traders to make more informed decisions.
Filter signals:
The xADX can be used as a filter to confirm the validity of other technical signals.
Predict possible trend breaks:
If the ADX shows a strong trend and then begins to decline, it may be an indication that the trend is weakening and a breakout may occur.
Interpretation of xADX:
We visualize a high or low as far away from the mid-range as possible, this indicates overbought or oversold areas respectively.
Then the repeated decrease of this in approaching the mid-range.
Finally the crossing of this indicates confirmation in the trend correction.
Remarks:
Ideally we look for movement of the xADX in a consistent manner, that means that the decrease or increase of this is visible in a simple way.
On the contrary, NOT having a significant movement of the xADX and this oscillating near ZERO clearly indicates the lack of liquidity and therefore a sign of laterality.
enhanced indicator. It measures the strength of a trend in detail. The xADX value ranges from 50 to -50, where it moves further away from 0 in either direction suggests a movement of greater strength.
Identifying trends:
The xADX helps identify the presence and strength of a trend, allowing traders to make more informed decisions.
Filter signals:
The xADX can be used as a filter to confirm the validity of other technical signals.
Predict possible trend breaks:
If the ADX shows a strong trend and then begins to decline, it may be an indication that the trend is weakening and a breakout may occur.
Interpretation of xADX:
We visualize a high or low as far away from the mid-range as possible, this indicates overbought or oversold areas respectively.
Then the repeated decrease of this in approaching the mid-range.
Finally the crossing of this indicates confirmation in the trend correction.
Remarks:
Ideally we look for movement of the xADX in a consistent manner, that means that the decrease or increase of this is visible in a simple way.
On the contrary, NOT having a significant movement of the xADX and this oscillating near ZERO clearly indicates the lack of liquidity and therefore a sign of laterality.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.