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 v5 · Own pane
Average Directional Index
This indicator calculates the Average Directional Index (ADX) to measure market trend strength.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code19
Settings2inputs
LicenceMIT
Last update3 years ago10 Feb 2023
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
19 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Average-Directional-Index.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Average Directional Index", shorttitle="ADX", format=format.price, precision=2, timeframe="", timeframe_gaps=true)
adxlen = input(14, title="ADX Smoothing")
dilen = input(14, title="DI Length")
dirmov(len) =>
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)
truerange = ta.rma(ta.tr, len)
plus = fixnan(100 * ta.rma(plusDM, len) / truerange)
minus = fixnan(100 * ta.rma(minusDM, len) / truerange)
[plus, minus]
adx(dilen, adxlen) =>
[plus, minus] = dirmov(dilen)
sum = plus + minus
adx = 100 * ta.rma(math.abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
sig = adx(dilen, adxlen)
plot(sig, color=color.red, title="ADX")
Overview
Average Directional Index computes directional movement and true range smoothed by a Wilder's moving average (RMA) over configurable lengths. The resulting ADX value plots as a single red line in a separate indicator pane. Traders can adjust the ADX smoothing period and the DI length to adapt to different market volatility conditions.
- Average Directional Index calculation
- Wilder's RMA smoothing implementation
- Customizable ADX smoothing and DI length parameters
- Single-line plot in separate pane
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
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.
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 |
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.
Similar Pine Scripts
This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
This indicator plots the Average Directional Index in a separate pane and colors the line teal or maroon according to whether plus DI is above minus DI. A horizontal key level and a silver background mark periods when ADX exceeds that threshold. With labels en
Standardized Trend Map calculates series momentum relative to active price range across 40 distinct lookback periods ranging from 2 to 80 bars on an exponential moving average source. Each standardized calculation rounds to an integer values of -1, 0, or 1 to
This indicator calculates and displays the Average Directional Index (ADX) as a column histogram in a separate pane. It evaluates market trend strength by calculating directional movement metrics based on specified smoothing and DI length inputs. When the ADX
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers