MTF Average Directional Index Range Detector — Indicator by cyatophilum

Higher Timeframe ADX to detect range/trending market while trading lower time frames.

Change the resolution in the parameters. You must use a time frame equal or higher to the current time frame.

Red = Range
Green = Trending

Use the alerts to get notified when the color changes.

Adjust the Threshold parameter to change the value from which the color changes.

Click Add to favorites to get the indicator on your chart (it will appear in the Indicators->Favorites tab).

Leave a like if you find it useful!

Release Notes:

Bug fixes

Release Notes:

Fixed offset when resolution is the same as current chart.

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Discord Server: discord.gg/RVwBkpnQzm

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Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

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