OPEN-SOURCE SCRIPT

ADX w 15 and 30 Lines

This takes the normal ADX with a 15 lookback period and adds horizontal lines at 15 and 30 no matter which ticker you are on. This saves you from having to add the lines to every single instrument.

When the ADX is between 15-30, it suggests that there’s a trend present but that it isn’t in full-blown momentum mode yet. This gives you the opportunity to enter before the trend becomes extremely strong, allowing for earlier entries in a fresh trend.

Feragatname