OPEN-SOURCE SCRIPT

ADX_Power_Indikator

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The ADX Power Indicator is a technical analysis tool based on the well-known Average Directional Index (ADX) developed by Welles Wilder.

This script visualizes the core components of the ADX system – +DI, –DI, and ADX – in a clean and focused way. It emphasizes the crossovers between +DI and –DI, which can serve as potential entry or exit signals.

🔍 Features
Plots the ADX line as a stepped line to represent trend strength
Displays +DI (green) and –DI (red) lines clearly
Highlights important crossovers with colored crosses:
✅ Buy signal: +DI crosses above –DI (green cross)
❌ Sell signal: –DI crosses above +DI (red cross)
Clean and minimalistic layout – great for combining with other strategies

📈 How to Use
This indicator is ideal for traders who want to:
Measure trend strength using ADX
Detect trend reversals through DI crossovers
Confirm entries and exits based on momentum shifts
The default parameters (14-period DI and ADX) can be adjusted in the script to suit your trading style or market conditions.

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.