ADX histogram with SMA

27 mai 2018

This indicator shows a histogram of the ADX with the following colors:

• Background gray => ADX under configured lower level which means no trend is present
  
• Background dark orange => ADX between lower and upper level and down trend is present
  
• Background orange => ADX between over upper level and down trend is overheated
  
• Background dark green => ADX between lower and upper level and up trend is present
  
• Background lime => ADX between over upper level and up trend is overheated
  

Additionally i have added a SMA of the ADX. The crossings of both are shown with a background color:

• yellow => ADX crossed SMA line upward which is the case with rising trend
  
• fuchsia => ADX crossed SMA line downward which is the case with falling trend
  

The indicator is optimated for small browser windows or multiple chart layouts where you have not much space left for your indicators but you also want to read the indicator signals.

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