OPEN-SOURCE SCRIPT
stelaraX - ADX

stelaraX – ADX
stelaraX – ADX is a trend strength indicator based on the Average Directional Index (ADX) and its directional components DI+ and DI-. The indicator is designed to help traders distinguish between trending and ranging market conditions without focusing on trade direction alone.
For advanced AI-based chart analysis and automated trend evaluation, visit stelarax.com
Core logic
The indicator is calculated using the Directional Movement Index methodology and consists of three components:
* ADX measures overall trend strength
* DI+ represents positive directional movement
* DI- represents negative directional movement
The ADX value is smoothed using a user-defined smoothing period. A configurable threshold level is plotted to visually separate weak and strong trend conditions.
Visualization
The script plots all components in a separate pane:
* ADX line to evaluate trend strength
* DI+ line to show bullish directional pressure
* DI- line to show bearish directional pressure
* horizontal threshold line to highlight trending conditions
Colors for each line and the threshold level are fully customizable.
Use case
This indicator is intended for:
* identifying strong versus weak market trends
* filtering trades based on trend strength
* avoiding range-bound market conditions
* confirming trend continuation or exhaustion
* combining with breakout, structure, or momentum strategies
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – ADX is a trend strength indicator based on the Average Directional Index (ADX) and its directional components DI+ and DI-. The indicator is designed to help traders distinguish between trending and ranging market conditions without focusing on trade direction alone.
For advanced AI-based chart analysis and automated trend evaluation, visit stelarax.com
Core logic
The indicator is calculated using the Directional Movement Index methodology and consists of three components:
* ADX measures overall trend strength
* DI+ represents positive directional movement
* DI- represents negative directional movement
The ADX value is smoothed using a user-defined smoothing period. A configurable threshold level is plotted to visually separate weak and strong trend conditions.
Visualization
The script plots all components in a separate pane:
* ADX line to evaluate trend strength
* DI+ line to show bullish directional pressure
* DI- line to show bearish directional pressure
* horizontal threshold line to highlight trending conditions
Colors for each line and the threshold level are fully customizable.
Use case
This indicator is intended for:
* identifying strong versus weak market trends
* filtering trades based on trend strength
* avoiding range-bound market conditions
* confirming trend continuation or exhaustion
* combining with breakout, structure, or momentum strategies
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。