Conversion of ADX moving average from TradingView

• 05/10/2024 at 2:45 PM #232532
  mathiasKN

  Hello,

  Would kindly ask someone to please translate ADX smoothing Moving Average with trend color change.

   

  This is the code from TradingView:

  study(title=”Moving Average ADX”, shorttitle=”MA ADX”, overlay=true)

  lenadx = input(14, minval=1, title=”DI Length”)
  lensig = input(14, title=”ADX Smoothing”, minval=1, maxval=50)
  limadx = input(18, minval=1, title=”ADX MA Active”)

  up = change(high)
  down = -change(low)
  trur = rma(tr, lenadx)
  plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, lenadx) / trur)
  minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, lenadx) / trur)
  sum = plus + minus
  adx = 100 * rma(abs(plus – minus) / (sum == 0 ? 1 : sum), lensig)

  macol = adx > limadx and plus > minus ? lime : adx > limadx and plus < minus ? red :black

  len = input(34, minval=1, title=”Length”)
  src = input(close, title=”Source”)
  out = wma(src, len)
  plot(out, color=macol, title=”MA”, linewidth= 3)

  BR,
  Mathias

  

  mathiasKN

  Participant

  Topics: 2

  Replies: 4

  Been thanked: 0 times
  05/13/2024 at 8:21 PM #232611
  JS

  Hi Mathias,

  This indicator, based on the ADX and ATR, is in the library…

  https://www.prorealcode.com/prorealtime-indicators/adaptive-atr-adx-trend/

  2 users thanked author for this post.

  mathiasKN, Iván

  

  JS

  Participant

  Topics: 23

  Replies: 1565

  Been thanked: 664 times
  05/14/2024 at 8:35 PM #232644
  mathiasKN

  Thank you JS for your reply and your recommendation, I believe the one you sent me is good for trailing stops.

  Although the ADX/DMI indicator that I´ve posted above is more for keeping track of the current trend, and keep you out when in the grey/black zone

  This is the description from the creator on TV:
  ADX Smoothing Trend Color Change on Moving Average and ADX Cross. Use on Hourly Charts – Green UpTrend – Red DownTrend – Black Choppy No Trend

  Posting a pic for further clarification, ADX MA on the upper tab and DMI on the lower. When the DMI- and + are close, the MA line goes grey

   

   

  

  mathiasKN

  Participant

  Topics: 2

  Replies: 4

  Been thanked: 0 times
• Author
  Posts