by 
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 v6 · Own pane
ADX Dots
This indicator evaluates trend strength by calculating the Average Directional Index (ADX) and plotting colored dots at a fixed horizontal level in a separate pane.
GitHub stars7on the repository
Pine versionv6current
Lines of code43
Settings6inputs
LicenceNone stated
Last update2 weeks ago10 Oct 2026
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
The color of each dot dynamically indicates whether the trend is weak, medium, or strong based on user-defined threshold levels. It also tracks the ADX value in the status line and can show an identifying label on the latest bar. Main settings include the ADX smoothing, DI length, threshold values, and display position.
- ADX-based trend strength dots
- Three-tier color classification for trend strength
- Customizable strong and medium trend thresholds
- Adjustable horizontal plot level and text label
Details
Published by
lunarticktrading on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Trend
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 |
|---|---|---|---|
| ADX Smoothing | int | 14 | adxlen |
| DI Length | int | 14 | dilen |
| Medium Trend Threshold | float | 15 | adxMediumTrendThreshold |
| Strong Trend Threshold | float | 23 | adxStrongTrendThreshold |
| Display Level | int | 50 | trendStrengthPos |
| Show Label | bool | true | showLabel |
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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