OPEN-SOURCE SCRIPT
Aggiornato

[FT] ADX-Multi-TF by FractalTrader

9 691
Average Directional Index is a way to determine trend strength (and whether there is a trend). One of the caveats is when you have trendless conditions on a higher timeframe. You can get whipsaw conditions on the current timeframe in that case.

The purpose of this script is to put ADX into the context of a higher degree trend on a single indicator.
Note di rilascio
See original post and comments for more details. Updated version has a new visual style. I'm playing with showing trend strength like a heatmap. The lines are now area style. Some may like the more traditional view better, we'll see. I've also tweaked some of the upper timeframe calculation.

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.