KINSKI ADX

This ADX indicator (Average Directional Index) tries to estimate the strength of a trend. The Average Directional Index is derived from the positive (+DI) and the negative directional indicator (-DI). The direction of movement is determined by comparing the highs and lows of the current and past periods.

As soon as the indicator determines a trend strength for upward or downward trend, a label is displayed. An upward trend is labelled "Bullish Trend". The downward trend bears the label "Bearish Trend".

The clouds in the background represent the movements of the Average Directional Index High/Low:

Color orange: neutral, uncertain in which direction it is going.
Color green: upward trend
Color red: downward trend

The line represents the average value of the ADX signal:

Color orange: neutral: still uncertain in which direction it is going
Color green / outgoing line: upward trend
Color green / descending line: weakening upward trend
Color red / exiting line: downward trend
Color red / descending line: weakening downward trend

The following configurable options are possible:

"ADX Smoothing
Directional Index Length
Level Range
Level Trend

Notas de Lançamento

Here's a nice little update on that. Normally the ADX calculations are calculated with the moving average "Running Moving Average (RMA)". Under the settings you can now select different MA types via the option "Type of Moving Average". With this new, interesting possibilities are then available.

Selectable MA variants:
"COVWMA", "DEMA", "EMA", "EHMA", "FRAMA", "HMA", "KAMA", "RMA", "SMA", "SMMA", "VIDYA", "VWMA", "WMA"

Notas de Lançamento

Convert to PineScript5

Notas de Lançamento

add Style Options
add new MA Types => "TEMA" (Triple EMA), "Karobein"

Notas de Lançamento

Refactor Code

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.

KINSKI

My published Scripts:
de.tradingview.com/u/KINSKI/

Appreciation of my work: paypal.com/paypalme/steffenhollstein

Aviso legal

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Script de código aberto

KINSKI

My published Scripts:
de.tradingview.com/u/KINSKI/

Appreciation of my work: paypal.com/paypalme/steffenhollstein