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ADX trend visualization for Amibroker (AFL)

Rating:
3 / 5 (Votes 4)
Tags:
oscillator, amibroker

Trend visualization which uses ADX

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("ADX");
SetChartOptions(0,0,0,1,1);

range = Param("Periods", 14, 2, 200, 1 );
ad = ADX(range);
pd = PDI(range);
md = MDI(range);

falling = ROC( ad, 2 ) < 0;

// 0 - week, 1 - medium, 2 - strong
strength = IIf( ad < 15 OR ( ad < 25 AND falling ), 0,
           IIf( ad < 25 OR ( ad < 35 AND falling ), 1,
                2 ) );

pTrendBullStrong =  ParamColor( "Bullish Strong", colorDarkGreen );
pTrendBearStrong =  ParamColor( "Bearish Strong", colorDarkRed);
pTrendBullMedium =  ParamColor( "Bullish Medium", colorGreen );
pTrendBearMedium =  ParamColor( "Bearish Medium ", colorRed );

pNoTrend =  ParamColor( "NoTrend", colorLavender );

color = IIf(
	strength > 0 , IIf( 
		pd >= md AND strength == 1,pTrendBullMedium,
		IIf(pd >= md AND strength == 2, pTrendBullStrong,
			IIf(pd < md AND strength == 1,pTrendBearMedium,pTrendBearStrong
		        )
		)
	 ),
	pNoTrend 
);

Plot( ad, _DEFAULT_NAME(), color, ParamStyle("ADX style", styleThick)); 
_SECTION_END();

1 comments

1. nmalpani16

Nice code. I was using old ADX. This wonder ful code.Small help if you can create the scan/exploration for the same if possible.

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