OPEN-SOURCE SCRIPT
ADX and DI with SMA
ADX and DI with an additional configurable SMA,
The objective of this indicator is to provide a tool to asses if the price is trending (ADX above SMA) or range bound (ADX below SMA), to decide the type of strategy to apply.
Should be used at a larger time frame than the intended operation time frame.
The objective of this indicator is to provide a tool to asses if the price is trending (ADX above SMA) or range bound (ADX below SMA), to decide the type of strategy to apply.
Should be used at a larger time frame than the intended operation time frame.
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