PROTECTED SOURCE SCRIPT
MarkRoboTS Highest Lowest ADX
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( M | a | r | k | R | o | b | o | T | S )
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The indicator is created starting from the maximum and minimum values at 15 periods of the ADX ; the intermediate levels are created with the FIBO parameters.
level 0 = low_Period
level 1 = low_Period + (High_Period - low_Period) * 0.786
level 2 = low_Period + (High_Period - low_Period) * 0.618
level 3 = low_Period + (High_Period - low_Period) * 0.50
level 4 = low_Period + (High_Period - low_Period) * 0.382
level 5 = low_Period + (High_Period - low_Period) * 0.236
level 6 = High_Period
When ADX exceeds level 1 trend ( bullish or bearish ) gets strong
When ADX goes from level 6 to lower levels it means that the trend is weakening (better to close the position)
L'indicatore è creato partendo dai valori massimi e minimi a 15 periodi dell'ADX; i livelli intermedi sono creati con i parametri FIBO.
level 0 = low_Period
level 1 = low_Period + (High_Period - low_Period) * 0.786
level 2 = low_Period + (High_Period - low_Period) * 0.618
level 3 = low_Period + (High_Period - low_Period) * 0.50
level 4 = low_Period + (High_Period - low_Period) * 0.382
level 5 = low_Period + (High_Period - low_Period) * 0.236
level 6 = High_Period
Quando ADX supera il livello 1 il trend (rialzista o ribassista) prende forza
Quando ADX passa da livello 6 a livelli più bassi vuol dire che il trend si sta indebolendo (meglio chiudere la posizione)
( M | a | r | k | R | o | b | o | T | S )
**********************************************
The indicator is created starting from the maximum and minimum values at 15 periods of the ADX ; the intermediate levels are created with the FIBO parameters.
level 0 = low_Period
level 1 = low_Period + (High_Period - low_Period) * 0.786
level 2 = low_Period + (High_Period - low_Period) * 0.618
level 3 = low_Period + (High_Period - low_Period) * 0.50
level 4 = low_Period + (High_Period - low_Period) * 0.382
level 5 = low_Period + (High_Period - low_Period) * 0.236
level 6 = High_Period
When ADX exceeds level 1 trend ( bullish or bearish ) gets strong
When ADX goes from level 6 to lower levels it means that the trend is weakening (better to close the position)
L'indicatore è creato partendo dai valori massimi e minimi a 15 periodi dell'ADX; i livelli intermedi sono creati con i parametri FIBO.
level 0 = low_Period
level 1 = low_Period + (High_Period - low_Period) * 0.786
level 2 = low_Period + (High_Period - low_Period) * 0.618
level 3 = low_Period + (High_Period - low_Period) * 0.50
level 4 = low_Period + (High_Period - low_Period) * 0.382
level 5 = low_Period + (High_Period - low_Period) * 0.236
level 6 = High_Period
Quando ADX supera il livello 1 il trend (rialzista o ribassista) prende forza
Quando ADX passa da livello 6 a livelli più bassi vuol dire che il trend si sta indebolendo (meglio chiudere la posizione)
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.
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.