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RSI + ADX + ATR Strength Gauge
This indicator combines Relative Strength Index (RSI), Average Directional Index (ADX), and Average True Range (ATR) into a unified strength gauge that identifies high-quality trending conditions while filtering out choppy, low-volatility markets.
RSI measures momentum and overbought/oversold conditions.
ADX confirms trend strength (not direction), highlighting when price movement has strong follow-through.
ATR captures volatility expansion, filtering out flat, low-range candles where fake signals occur.
When the components diverge or show contraction, the gauge warns of market chop, suggesting it’s better to avoid entries or reduce position size.
Purpose:
To keep you out of sideways markets and confirm entries only when momentum, trend strength, and volatility all agree — reducing whipsaws and improving trade quality.
Tweak to your liking.
RSI measures momentum and overbought/oversold conditions.
ADX confirms trend strength (not direction), highlighting when price movement has strong follow-through.
ATR captures volatility expansion, filtering out flat, low-range candles where fake signals occur.
When the components diverge or show contraction, the gauge warns of market chop, suggesting it’s better to avoid entries or reduce position size.
Purpose:
To keep you out of sideways markets and confirm entries only when momentum, trend strength, and volatility all agree — reducing whipsaws and improving trade quality.
Tweak to your liking.
Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. However, you can use it freely and without any limitations – learn more here.
Wyłączenie odpowiedzialności
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. However, you can use it freely and without any limitations – learn more here.
Wyłączenie odpowiedzialności
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.