OPEN-SOURCE SCRIPT

GoatsADX)

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This TradingView indicator implements the Average Directional Index (ADX) along with Directional Movement Indicators (DI+ and DI-) to help traders identify trend strength and direction. It features:

Customizable length and ADX threshold inputs

ADX line colored white when rising and grey when falling for easy trend strength visualization

DI+ and DI- lines plotted with subtle black coloring for clean visuals

Background fills between DI lines and below ADX threshold to highlight key market states

Buy and sell signals plotted as arrows based on ADX crossing threshold with directional bias

Alert conditions for automated notifications on buy and sell signals

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