This indicator plots the Schaff Trend Cycle in a separate pane. It subtracts a slow exponential moving average from a fast one, applies a stochastic cycle twice, and smooths each result to form a 0–100 oscillator. Line color follows the slope, or the upper and
Indicator · Pine Script v4 · Own pane
ADX_40
This indicator plots the Average Directional Index (ADX) alongside a static threshold line in a separate pane.
GitHub stars36on the repository
Pine versionv4older, still runs
Lines of code26
Settings5inputs
LicenceNone stated
Last update1 year ago16 Jun 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ADX_40 calculates directional movement using the true range and directional indicators smoothed with running moving averages. Users can adjust the smoothing period, directional movement length, and the reference level line, which defaults to 40. Inputs for fast and slow lengths are present in the settings but remain unused in the calculation. The script provides visual trend strength tracking without generating automated trade signals or alerts.
- ADX trend strength plot
- Configurable reference level line
- Directional movement index calculation
- Customizable ADX smoothing and DI length
Details
Published by
Li-Hongmin on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Trend
Markets
Forex
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Topics
tradingviewtradingview-pine-scriptsstrategiesmacdfx
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| fastlength | int | 12 | fastlength |
| slowlength | int | 36 | slowlength |
| levelline | int | 40 | levelline |
| ADX Smoothing | int | 14 | adxlen |
| DI Length | int | 14 | dilen |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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