PROTECTED SOURCE SCRIPT
xAdx [AuraX 㔬]
# xADX
enhanced indicator. It measures the strength of a trend in detail. The xADX value ranges from 50 to -50, where it moves further away from 0 in either direction suggests a movement of greater strength.
Identifying trends:
The xADX helps identify the presence and strength of a trend, allowing traders to make more informed decisions.
Filter signals:
The xADX can be used as a filter to confirm the validity of other technical signals.
Predict possible trend breaks:
If the ADX shows a strong trend and then begins to decline, it may be an indication that the trend is weakening and a breakout may occur.
Interpretation of xADX:
We visualize a high or low as far away from the mid-range as possible, this indicates overbought or oversold areas respectively.
Then the repeated decrease of this in approaching the mid-range.
Finally the crossing of this indicates confirmation in the trend correction.
Remarks:
Ideally we look for movement of the xADX in a consistent manner, that means that the decrease or increase of this is visible in a simple way.
On the contrary, NOT having a significant movement of the xADX and this oscillating near ZERO clearly indicates the lack of liquidity and therefore a sign of laterality.
enhanced indicator. It measures the strength of a trend in detail. The xADX value ranges from 50 to -50, where it moves further away from 0 in either direction suggests a movement of greater strength.
Identifying trends:
The xADX helps identify the presence and strength of a trend, allowing traders to make more informed decisions.
Filter signals:
The xADX can be used as a filter to confirm the validity of other technical signals.
Predict possible trend breaks:
If the ADX shows a strong trend and then begins to decline, it may be an indication that the trend is weakening and a breakout may occur.
Interpretation of xADX:
We visualize a high or low as far away from the mid-range as possible, this indicates overbought or oversold areas respectively.
Then the repeated decrease of this in approaching the mid-range.
Finally the crossing of this indicates confirmation in the trend correction.
Remarks:
Ideally we look for movement of the xADX in a consistent manner, that means that the decrease or increase of this is visible in a simple way.
On the contrary, NOT having a significant movement of the xADX and this oscillating near ZERO clearly indicates the lack of liquidity and therefore a sign of laterality.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.