OPEN-SOURCE SCRIPT
GoatsADX)
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
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
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.