OPEN-SOURCE SCRIPT

stelaraX - ADX

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stelaraX – ADX

stelaraX – ADX is a trend strength indicator based on the Average Directional Index (ADX) and its directional components DI+ and DI-. The indicator is designed to help traders distinguish between trending and ranging market conditions without focusing on trade direction alone.

For advanced AI-based chart analysis and automated trend evaluation, visit stelarax.com


Core logic

The indicator is calculated using the Directional Movement Index methodology and consists of three components:

* ADX measures overall trend strength
* DI+ represents positive directional movement
* DI- represents negative directional movement

The ADX value is smoothed using a user-defined smoothing period. A configurable threshold level is plotted to visually separate weak and strong trend conditions.


Visualization

The script plots all components in a separate pane:

* ADX line to evaluate trend strength
* DI+ line to show bullish directional pressure
* DI- line to show bearish directional pressure
* horizontal threshold line to highlight trending conditions

Colors for each line and the threshold level are fully customizable.


Use case

This indicator is intended for:

* identifying strong versus weak market trends
* filtering trades based on trend strength
* avoiding range-bound market conditions
* confirming trend continuation or exhaustion
* combining with breakout, structure, or momentum strategies

For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.