ADX with Signal & Thresholds

Here’s a concise description and instruction set for your ADX script:

📊 ADX with Signal & Thresholds – Description & Instructions

This indicator plots the ADX line, a custom signal line, and up to three threshold levels to help assess trend strength.

🔧 How It Works
• ADX measures trend strength (not direction)
• Signal Line is a smoothed version of ADX using your selected MA type
• Thresholds highlight trend significance levels (e.g. 20 = weak, 25/40 = strong)

⚙️ Inputs
• ADX Length: Defines smoothing period
• Signal Line: Customizable MA type (EMA/SMA/RMA/TMA) and length
• Threshold Lines: Adjustable levels with individual colors

🧠 Use It To
• Spot trend confirmation when ADX > Signal
• Detect strong trends above threshold levels (e.g. >25 or >40)
• Filter out sideways markets when ADX < 20

Let me know if you want to add alerts for crossovers or threshold breaches.