OPEN-SOURCE SCRIPT
Average Directional Index with middle line 25
I interpret the ADX as indicating weakness in the current price when the value is below 25, and strength when it is above 25.
This line at 25 is drawn in the ADX chart. Its color and value can be customized in the Trading View box.
This line at 25 is drawn in the ADX chart. Its color and value can be customized in the Trading View box.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.