OPEN-SOURCE SCRIPT
已更新 ADX Multi-Timeframe
ADX is a lagging trend indicator designed by J Welles Wilder and indicates the strength of a trend, or when a stock is in a strong uptrend or downtrend, or whether it's moving sideways.
However, the ADX does not indicate if the trend as bullish or bearish. It merely indicates the strength of the current trend.
Also, ADX does not give entry or exit signals. It does, however, give you some perspective on where the stock is in the trend.
HOW IS IT USED ?
When ADX is between 0 and 20 it indicates that the stock is in a trading range and you'd need an oscillator indicator to determine entry and exit points.
When ADX moves above 20 it indicates the beginning of a trend, though it could be an uptrend or a downtrend so remember to verify whether it is an uptrend or a downtrend before you commit to the trade.
When ADX moves above 30 it indicates the start of strong trend !
Once ADX moves above 50 it becomes more probable that the trend is coming to an end and trading ranges developing again.
I added the possibility to add on the chart a 2nd timeframe for trend confirmation.
Please comment in case you would have any recomandation.
If you found this script useful, a tip is always welcome... :)
However, the ADX does not indicate if the trend as bullish or bearish. It merely indicates the strength of the current trend.
Also, ADX does not give entry or exit signals. It does, however, give you some perspective on where the stock is in the trend.
HOW IS IT USED ?
When ADX is between 0 and 20 it indicates that the stock is in a trading range and you'd need an oscillator indicator to determine entry and exit points.
When ADX moves above 20 it indicates the beginning of a trend, though it could be an uptrend or a downtrend so remember to verify whether it is an uptrend or a downtrend before you commit to the trade.
When ADX moves above 30 it indicates the start of strong trend !
Once ADX moves above 50 it becomes more probable that the trend is coming to an end and trading ranges developing again.
I added the possibility to add on the chart a 2nd timeframe for trend confirmation.
Please comment in case you would have any recomandation.
If you found this script useful, a tip is always welcome... :)
發行說明
Updated to v4 + slight change.開源腳本
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。