PROTECTED SOURCE SCRIPT
Updated ADXRainbowColorEMA
This is an EMA that color changes based on ADX.
When ADX is low, EMA color is in lime or aqua, if the value of ADX moves higher, It changes from aqua to yellow and then red.
You can change the settings like EMA period and the color, etc in the dialog window.
Usually, as the trend becomes stronger, the ADX values rises, so there is a possibility on a trend when it is yellow or red.
Especially, when changing from aqua to yellow and red, it is a necessity check because it is a possibility of change from range to trend.
これはADXに応じて色が変化するEMAです。
ADXが低いときは、EMAの色はライム（明るい緑）やアクア（水色）ですが、ADXの値が高くなると、アクアから黄色、そして赤に変化します。
EMAの期間や色などはダイアログウインドウで変更できます。
通常、トレンドが強いとき、ADXの値は上昇します。その為、ラインの色が黄色や赤の時は、トレンド状態の可能性があります。
特に、色が水色から黄色、そして赤に変化するときは、レンジ状態からトレンドへと移行した可能性があるので、要チェックです。
When ADX is low, EMA color is in lime or aqua, if the value of ADX moves higher, It changes from aqua to yellow and then red.
You can change the settings like EMA period and the color, etc in the dialog window.
Usually, as the trend becomes stronger, the ADX values rises, so there is a possibility on a trend when it is yellow or red.
Especially, when changing from aqua to yellow and red, it is a necessity check because it is a possibility of change from range to trend.
これはADXに応じて色が変化するEMAです。
ADXが低いときは、EMAの色はライム（明るい緑）やアクア（水色）ですが、ADXの値が高くなると、アクアから黄色、そして赤に変化します。
EMAの期間や色などはダイアログウインドウで変更できます。
通常、トレンドが強いとき、ADXの値は上昇します。その為、ラインの色が黄色や赤の時は、トレンド状態の可能性があります。
特に、色が水色から黄色、そして赤に変化するときは、レンジ状態からトレンドへと移行した可能性があるので、要チェックです。
Release Notes
Updated to Pine v4.Release Notes
The chart snapshot in the script page has been fixed.Protected script
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.