CapnOscar

Moving Average ADX

ADX Smoothing Trend Color Change on Moving Average and ADX Cross. Use on Hourly Charts - Green UpTrend - Red DownTrend - Black Choppy No Trend
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study(title="Moving Average ADX", shorttitle="MA ADX", overlay=true)

lenadx = input(14, minval=1, title="DI Length")
lensig = input(14, title="ADX Smoothing", minval=1, maxval=50)
limadx = input(18, minval=1, title="ADX MA Active")


up = change(high)
down = -change(low)
trur = rma(tr, lenadx)
plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, lenadx) / trur)
minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, lenadx) / trur)
sum = plus + minus 
adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), lensig)

macol = adx > limadx and plus > minus ? lime : adx > limadx and plus < minus ? red :black


len = input(34, minval=1, title="Length")
src = input(close, title="Source")
out = wma(src, len)
plot(out, color=macol, title="MA", linewidth= 3)


thank you.
very noce indicator;
maybe you can also add a feature to set adx ranges as an input;
for example:
dotted lines when adx<20
solid lines when 20<adx<40
bold solid lines when adx>40

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CapnOscar guidoisot
am working on advanced version of its keep following.. I will consider your comments
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guidoisot guidoisot
very nice
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Great addition. Thanks Cap.
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Capn - I am a big fan of what you have built here. Quick question : what does the 34 default value for the "length" do ? Is that the MA length and what does changing the length do to the colors and the trend...if anything ? I ask because when I change the length, the new line comes close to, but does not align exactly with a similar moving average length (sma or ema).
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