SADX+DI - Smoothed Average Directional Index by CrypTaux

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This script is based on ADX/DI and I use it to enter when trend is in early stage, then ride it & exit at the right time (that's the theory)

ADX is shown as histogram :
- light silver bars = price is under thresold but still no trend, be patient.
- strong gray bars = prepare to enter the trade soon
- blue bars = price momentum so ride the trend
- yellow bars = do not trade (price reverts or consolidates)

Background color/bottom area based on DI+/DI- :
- green = uptrend
- red = downtrend

Top pink triangles appears when ADX is relatively low based on "lookback" history (not based on previous static threshold) so a new trend may happens so stay alerts.

- Prepare for enter when bars turn dark gray and/or pink triangles appears.
- Enter position as soon as you see blue bar (Long or Short as indicated by the area color)
- and Exit on first yellow bar.

Quite simple, works on multiple HTF/LTF and might be used with graphical analysis to find best opportunities.
Enjoy :)

Version 35.
Notes de version:
- Updated SADX bars visualization (mirror mode),
- Set Background color to reflect uptrend (green) or downtrend (red) period,
- Added BBW (Bollinger Bands Width) lines and Squeeze indicator that may complete SADX extensions/compressions/squeeze periods,
- Added ATR (Average True Range) Squeeze indicator (squares) that very often precedes a relative bigger candle or move.
Notes de version:
Cosmetic fix : updated TradingView graph to show Price and SADX indicator only.

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Disclaimer : No financial advice. Ideas & scripts are for educational purpose only, always do your own research.
Script protégé
Ce script est publié en code source fermé et vous pouvez l'utiliser librement. Vous pouvez le préférer pour l'utiliser sur un graphique. Vous ne pouvez pas visualiser ou modifier son code source.
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