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 v5 · Own pane
ADX+
ADX+ is an enhanced Average Directional Index (ADX) indicator that measures trend strength in a separate pane.
GitHub stars24on the repository
Pine versionv5runs as is
Lines of code81
Settings17inputs
LicenceMPL-2.0
Last update4 years ago5 Oct 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
81 lines of Pine Script v5 from ADX Plus.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
//
// Author: benso87
// benso87.com
//
//
indicator('ADX+', shorttitle='ADX+', precision=2, max_bars_back=500)
nocolor=color.new(color.white, transp=100)
////////////////////////////////////////////////////////////
// Inputs
// General
length = input.int(14, title='Length', minval=1, group='General')
// Style
colorType = input.string('Dynamic', title='Color Type', options=['Static', 'Dynamic', 'MA Dependent'], group='Style')
colorStatic = input.color(color.white, title='Static Color', group='Style')
levelLow = input.float(20, title='Low', inline='low', minval=0, maxval=100, group='Style')
colorLow = input.color(color.aqua, title='', inline='low', group='Style')
colorMid = input.color(color.yellow, title='Mid', inline='mid', group='Style')
levelHigh = input.float(50, title='High', inline='high', minval=0, maxval=100, group='Style')
colorHigh = input.color(color.red, title='', inline='high', group='Style')
colorAbove = input.color(#0bff00, title='Above MA', group='Style')
colorBelow = input.color(#ff0014, title='Below MA', group='Style')
lineWidth = input.int(3, title='Line Width', minval=1, maxval=4, group='Style')
// Moving Average
useMA = input.bool(false, title='Moving Average', group='Moving Average')
maType = input.string('EMA', title='MA Type', options=['EMA', 'SMA'], group='Moving Average')
maLength = input.int(100, title='MA Length', minval=1, group='Moving Average')
maColorDef = input.color(color.white, title='MA Color', group='Moving Average')
maFill = input.bool(false, title='MA Fill', group='Moving Average')
// Level Plots
plotLevels = input.bool(true, title='Show Level Lines', group='Level Plots')
///////////////////////////////////////////////////////////////////////////////
// Functions
// Moving average type
f_ma(source, length, type) =>
switch type
'SMA' => ta.sma(source, length)
'EMA' => ta.ema(source, length)
'RMA' => ta.rma(source, length)
'WMA' => ta.wma(source, length)
////////////////////////////////////////////////////////////
// Calculations
up = ta.change(high)
down = -ta.change(low)
plusDM = na(up) ? na : (up > down and up > 0 ? up : 0)
minusDM = na(down) ? na : (down > up and down > 0 ? down : 0)
trur = ta.rma(ta.tr, length)
plus = fixnan(100 * ta.rma(plusDM, length) / trur)
minus = fixnan(100 * ta.rma(minusDM, length) / trur)
sum = plus + minus
adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), length)
adxMA = f_ma(adx, maLength, maType)
colorDynamic = adx >= levelHigh ? colorHigh : adx >= levelLow and adx < levelHigh ? colorMid : colorLow
colorMADep = adx >= adxMA ? colorAbove : adx <= adxMA ? colorBelow : colorStatic
adxColor = colorType == 'Dynamic' ? colorDynamic : colorType == 'MA Dependent' ? colorMADep : colorStatic
maColor = maFill ? adxColor : maColorDef
////////////////////////////////////////////////////////////
// Plots
adxPlot = plot(adx, title='ADX', color=adxColor, linewidth=lineWidth)
adxMAPlot = plot(useMA ? adxMA : na, title='ADX MA', color=maColor, linewidth=1)
fill(adxPlot, adxMAPlot, color=maFill ? color.new(adxColor, transp=70) : na)
hline(plotLevels ? levelLow : na, title='Low Level', linestyle=hline.style_dashed, color=color.new(color.white, transp=50))
hline(plotLevels ? levelHigh : na, title='High Level', linestyle=hline.style_dashed, color=color.new(color.white, transp=50))
Overview
ADX+ calculates directional movement and true range to produce the standard ADX line, with optional smoothing via a moving average (EMA or SMA). The line color can dynamically adapt based on customized trend strength thresholds or relative position to its moving average. Users can also enable horizontal level lines and shaded fills between the ADX and its signal line.
- Dynamic and moving average-dependent color modes
- Optional signal moving average overlay for ADX
- Shaded background fill between ADX and its signal line
- Configurable threshold level lines
Details
Published by
benso87 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Oscillators & momentum
Markets
Any symbol
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
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 14 | length |
| Color Type | string | Dynamic | colorType |
| Static Color | color | color.white | colorStatic |
| Low | float | 20 | levelLow |
| colorLow | color | color.aqua | colorLow |
| Mid | color | color.yellow | colorMid |
| High | float | 50 | levelHigh |
| colorHigh | color | color.red | colorHigh |
| Above MA | color | #0bff00 | colorAbove |
| Below MA | color | #ff0014 | colorBelow |
| Line Width | int | 3 | lineWidth |
| Moving Average | bool | false | useMA |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| MA Type | string | EMA | maType |
| MA Length | int | 100 | maLength |
| MA Color | color | color.white | maColorDef |
| MA Fill | bool | false | maFill |
| Show Level Lines | bool | true | plotLevels |
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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