Moving Average ADX — Indicator by CapnOscar

ADX Smoothing Trend Color Change on Moving Average and ADX Cross. Use on Hourly Charts - Green UpTrend - Red DownTrend - Black Choppy No Trend

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

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)