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INVITE-ONLY SCRIPT

Trend Strength Oscillator [Lysergik]

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The Trend Strength Oscillator is a clever combination of some of the most common and useful indicators. Combining the:

- Directional Movement Index (DMI)
- Average Directional Index (ADX)
- Volume (optional)

In doing so, we get a much easier to appreciate indication of both trend direction and strength at a glance that is reliable on every timeframe!
The ADX is not only part of the resulting value but also affects how bright the colors appear on the indicator. Brighter being a stronger trend direction than lighter color.
Moreover, we can quickly see if a trend is strengthening or weakening by seeing if the indication is colored aqua/yellow or white, respectively.

In the above chart you can see the volume indicator, DMI, ADX, with the TSO (Trend Strength Oscillator) on the bottom for context and to show just how much more intuitive the TSO is.

Script sob convite

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact lysergik directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Instruções do autor

To request access to this script, please send an email from the same email address you use on Trading View with your Trading View username as the subject line of the email, to: lysergik.ta@gmail.com $10 USD equivalent *price is subject to change*

Warning: please read our guide for invite-only scripts before requesting access.

lysergik
Trend AnalysistrendstrengthVolume

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Trend AnalysistrendstrengthVolume

Script sob convite

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact lysergik directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Instruções do autor

To request access to this script, please send an email from the same email address you use on Trading View with your Trading View username as the subject line of the email, to: lysergik.ta@gmail.com $10 USD equivalent *price is subject to change*

Warning: please read our guide for invite-only scripts before requesting access.

lysergik

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.