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Tradelivio's Ranging vs Trending Indicator ADX

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This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending.

Default setting are as follows:
  • 0-15 Absent Trend
    15-25 Weak Trend
    25+ Strong Trend


FYI:

*50-75 Very Strong Trend
75-100 Extremely Strong Trend


You can configure 3 levels of strength (Absent, Weak & Strong)


Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.