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Tradelivio's Ranging vs Trending Indicator ADX

This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending.

Default setting are as follows:
  • 0-15 Absent Trend
    15-25 Weak Trend
    25+ Strong Trend


FYI:

*50-75 Very Strong Trend
75-100 Extremely Strong Trend


You can configure 3 levels of strength (Absent, Weak & Strong)


Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.
ADXAverage Directional Index (ADX)rangerangingtradeliviotrendTrend Analysistrending

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