OPEN-SOURCE SCRIPT
Average Directional Index-Buschi
Updated
A simple modification of the built-in "Average Directional Index":
To identify wether there is an uptrend or a downtrend, the function color is conditional:
no trend: black
small uptrend (weak threshold): light green
big uptrend (strong threshold): green
small downtrend (weak threshold): light red
big downtrend (strong threshold): red
To identify wether there is an uptrend or a downtrend, the function color is conditional:
no trend: black
small uptrend (weak threshold): light green
big uptrend (strong threshold): green
small downtrend (weak threshold): light red
big downtrend (strong threshold): red
Release Notes
German translationDeutsch:
Eine einfache Modifikation des eingebauten "Average Directional Index":
Um einen Aufwärts- oder Abwärtstrend zu identifizieren, ist die Farbe der Linie entsprechend codiert:
kein Trend: schwarz
schwacher Aufwärtstrend (weak threshold): hellgrün
starker Aufwärtstrend (strong threshold): dunkelgrün
schwacher Abwärtstrend (weak threshold): hellrot
starker Abwärtstrend (strong threshold): rot
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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