OPEN-SOURCE SCRIPT
Atualizado [FT] ADX-Multi-TF by FractalTrader
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.
The purpose of this script is to put ADX into the context of a higher degree trend on a single indicator.
Notas de Lançamento
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.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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