OPEN-SOURCE SCRIPT

Asistente de Barra de Estado ADX

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// This is an all-in-one indicator designed to visually represent the market environment
// based on the G2 (trend-following) and SMOG (reversal/ranging) trading systems.
// It replaces the need for a separate ADX indicator.
//
// FEATURES:
//
// 1. Multi-Timeframe ADX:
// - 5-Minute ADX (Blue Line - The "Referee"): Determines the overall market environment (Trending or Ranging).
// - 1-Minute ADX (Yellow Line - The "Trigger"): Measures immediate momentum for trade entries.
//
// 2. Environment Background Coloring:
// The indicator's own background panel changes color to provide an instant signal:
// - Green: G2 Bullish Environment (5-min ADX > 25 & Price is Trending Up)
// - Red: G2 Bearish Environment (5-min ADX > 25 & Price is Trending Down)
// - Gray: Gray Zone (Indecisive/Risky Market, 5-min ADX between 20-25)
// - Blue: SMOG Environment (Weak/Ranging Market, 5-min ADX < 20)
//
// 3. Reference Lines:
// Includes horizontal lines at the key 20 and 25 levels for easy reference.
//
// HOW TO USE:
// Use this indicator as the primary tool to decide whether to look for a G2
// (trend-following) or a SMOG (reversal) setup.
//

Penafian

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