TTP ADX

TTP ADX Indicator
Description:
A clean and simplified ADX (Average Directional Index) indicator that focuses solely on trend strength measurement. This indicator removes the traditional DI+ and DI- lines, displaying only the core ADX line for a cleaner chart appearance.
Key Features:

Pure ADX Focus: Displays only the ADX line without directional indicators
Customizable Parameters: Adjustable length (default: 14) and threshold level (default: 20)
Clean Interface: Minimal visual clutter with a single trend strength line
Professional Styling: Navy blue ADX line with dashed threshold reference

How to Use:

ADX values above the threshold (default 20) indicate strong trending conditions
ADX values below the threshold suggest weak or sideways market conditions
Rising ADX suggests increasing trend strength (regardless of direction)
Falling ADX indicates weakening trend strength

Technical Details:

Uses Wilder's smoothing method for accurate ADX calculation
Built on Pine Script v5 for optimal performance
Non-overlay indicator displayed in separate pane
Default settings: 14-period length, 20 threshold level

Ideal For:

Traders who want to focus purely on trend strength
Clean chart setups without directional bias
Confirming trend conditions for entry/exit strategies
Market strength analysis across all timeframes

This streamlined version provides the essential trend strength information without the visual complexity of directional movement lines, making it perfect for traders who prefer minimalist indicators.