PROTECTED SOURCE SCRIPT
Average Directional Index
RKM_ADX is a custom Average Directional Index (ADX) indicator that visually highlights strong trend strength using color cues:
🔍 What It Does:
Calculates the ADX to measure trend strength.
When ADX crosses above 25 (default threshold), the line turns green (Default Color, user may change as per desire), indicating a strong trend.
When ADX is below 25, the line remains red Default Color, user may change as per desire), signaling a weak or ranging market.
🛠 How to Use:
Add RKM_ADX to your chart (from your scripts or Indicators list).
Look for green ADX lines – they suggest stronger trends where trend-following strategies may work better.
Red ADX lines indicate weak trends or sideways movement – avoid trend trades or switch to range-based strategies.
You can adjust the threshold (default is 25) in the settings to match your preferred trend sensitivity.
🔍 What It Does:
Calculates the ADX to measure trend strength.
When ADX crosses above 25 (default threshold), the line turns green (Default Color, user may change as per desire), indicating a strong trend.
When ADX is below 25, the line remains red Default Color, user may change as per desire), signaling a weak or ranging market.
🛠 How to Use:
Add RKM_ADX to your chart (from your scripts or Indicators list).
Look for green ADX lines – they suggest stronger trends where trend-following strategies may work better.
Red ADX lines indicate weak trends or sideways movement – avoid trend trades or switch to range-based strategies.
You can adjust the threshold (default is 25) in the settings to match your preferred trend sensitivity.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Request for follow on X @rkmaurya_ra
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.