ADX Color Easy [Dravya]Script #1
So,
here is my first script.
This is the normal 14 period ADX,
but with a color twist, to make it extremely easy on eyes.
and then,
easily spot the strength.
ADX, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.
How to use this script ?
1. We don't trade when ADX is in the red zone (0-20)
2. We get ready for trading when it enters the blue zone (20-30)
3. We trade when the ADX enters the green zone (>30)
Simple, right !
Now, in the green zone,
in which direction you should trade?
Here are a few links, to help you use ADX as a strategy ,
www.tradingsetupsreview.com
www.babypips.com
Other than this, you can combine this with your own strategies.
Personally, I like to use it on stocks on 1H timeframe.
Thanks.
Would love to hear from you.
Please like it to support the project,
and help spread it.
Chỉ số Định hướng Trung bình (ADX)
[FT] ADX-Multi-TF by FractalTraderAverage 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.
[ZL] ADX+RSI (Long Entries and Exits only)A popular strategy which combines Average Directional Index and RSI. In this version, we coded for only LONG entries and exits.
Created by Shanghai Reed Asset Management Co., Ltd.
Moving Average ADXADX Smoothing Trend Color Change on Moving Average and ADX Cross. Use on Hourly Charts - Green UpTrend - Red DownTrend - Black Choppy No Trend
Directional Movement Index + ADX & Keylevel SupportADX and DMI oscillator with the keylevel coded in to the script, set for 23, suggested settings is 23 - 25 any trade with the ADX above the keylevel is a strong indicator that it is trending.
CM_ADX_V1ADX System Overview
So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.
So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you find.
Indicators used in System:
CM_DI_Plus_Minus_V1 (Indicator On Bottom).
CM_ADX_V1 (Indicator On 2nd Pane).
CM_Gann_Swing_Hi_Lo (Indicator on Price Pane). This Indicator was published before…Link Below.
CM_DI_Plus_Minus_V1
In Video I go over settings and how to customize charts.
Link To Video:
vimeopro.com
Link To Downloadable PDF Shown in Video:
d.pr
CM_DI_Plus_MinusADX System Overview
So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.
So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you find.
Indicators used in System:
CM_DI_Plus_Minus_V1 (Indicator On Bottom).
CM_ADX_V1 (Indicator On 2nd Pane).
CM_Gann_Swing_Hi_Lo (Indicator on Price Pane). This Indicator was published before…Link Below.
In Video I go over settings and how to customize charts.
Link To Video:
vimeopro.com
Link To Downloadable PDF Shown in Video:
d.pr
