OPEN-SOURCE SCRIPT
ADX Box
Description:
The ADX Box indicator provides traders with a quick and intuitive way to monitor the current trend strength based on the Average Directional Index (ADX), calculated with a customisable period (default: 7 periods).
This compact indicator neatly displays the current ADX value rounded to one decimal place, along with a clear directional arrow:
Green upward triangle (▲): Indicates that ADX is rising above its moving average, signaling increasing trend strength.
Red downward triangle (▼): Indicates that ADX is declining below its moving average, signaling weakening trend strength.
Key Features:
Small and clean visual representation.
Dynamically updates in real-time directly on the chart.
Ideal for quick trend strength assessment without cluttering your workspace.
Recommended Usage:
Quickly identifying whether market trends are strengthening or weakening.
Enhancing decision-making for trend-following or breakout trading strategies.
Complementing other indicators such as ATR boxes for volatility measurement.
Feel free to use, share, and incorporate this indicator into your trading setups for clearer insights and more confident trading decisions!
The ADX Box indicator provides traders with a quick and intuitive way to monitor the current trend strength based on the Average Directional Index (ADX), calculated with a customisable period (default: 7 periods).
This compact indicator neatly displays the current ADX value rounded to one decimal place, along with a clear directional arrow:
Green upward triangle (▲): Indicates that ADX is rising above its moving average, signaling increasing trend strength.
Red downward triangle (▼): Indicates that ADX is declining below its moving average, signaling weakening trend strength.
Key Features:
Small and clean visual representation.
Dynamically updates in real-time directly on the chart.
Ideal for quick trend strength assessment without cluttering your workspace.
Recommended Usage:
Quickly identifying whether market trends are strengthening or weakening.
Enhancing decision-making for trend-following or breakout trading strategies.
Complementing other indicators such as ATR boxes for volatility measurement.
Feel free to use, share, and incorporate this indicator into your trading setups for clearer insights and more confident trading decisions!
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。