OPEN-SOURCE SCRIPT
ADX trend reversal/continuation spotter
This indicator is based on ADX and uses a method based on pivot points to identify a possible trend reversal or trend continuation.
To better understand how to use this indicator, follow these instructions:
Check which type of line ADX is below/above.
If the ADX line is above the green line and has changed color, you can expect a possible trend change.
Similarly, if the ADX line is below the red line and has changed color, you can expect a continuation of the previous trend or a possible trend uptake based on the current situation in the chart.
EURUSD
To better understand how to use this indicator, follow these instructions:
Check which type of line ADX is below/above.
If the ADX line is above the green line and has changed color, you can expect a possible trend change.
Similarly, if the ADX line is below the red line and has changed color, you can expect a continuation of the previous trend or a possible trend uptake based on the current situation in the chart.
EURUSDScript 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.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.