Dynamic Color-changing ADX

Description:
This Advanced Directional Index (ADX) indicator helps traders easily identify trend strength with a dynamic color-changing ADX line and a visual threshold at 20.

Features:
✅ Color-Changing ADX Line

🟢 Green when ADX is above 20 → Indicates a strong trend.
🔴 Red when ADX is below 20 → Indicates a weak or choppy market.
✅ Threshold Line at 20

Helps traders quickly determine whether a market is trending or ranging.
Dotted gray line at 20 serves as a key reference level.
✅ Optimized for Clarity & Efficiency

Uses the traditional 14-period ADX with Directional Movement Index (DMI) smoothing.
Simple and clean visualization for traders of all experience levels.
💡 How to Use:

Strong Trend: Look for ADX above 20 (green line) to confirm a trending market.
Weak Trend/Ranging: ADX below 20 (red line) signals a weak or sideways market.
Combine with MACD, RSI, or Moving Averages for confluence in trade setups.
🔔 Perfect for traders looking to:
✔️ Avoid choppy, low-momentum markets.
✔️ Confirm trend strength before entering trades.
✔️ Improve decision-making with a visualized ADX signal.

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#Trading #ADX #TrendStrength #TradingView #TechnicalAnalysis