Tradelivio's Ranging vs Trending Indicator ADX

8 พ.ค. 2021

This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending.

Default setting are as follows:

• 0-15 Absent Trend
  15-25 Weak Trend
  25+ Strong Trend
  

FYI:

*50-75 Very Strong Trend
75-100 Extremely Strong Trend

You can configure 3 levels of strength (Absent, Weak & Strong)


Please keep in mind that a falling ADX line only means that the trend strength is weakening, and it usually does not mean the trend is reversing, unless there has been a price climax.