ADX mura vision

5月23日

Overview

The Enhanced ADX with Custom 40/60 Levels is a Pine Script™ v6 open-source indicator that builds on the classic Average Directional Index by adding two critical thresholds at 40 and 60. These extra levels give you early warning of trend exhaustion and precise exit signals when paired with the mura indicator.

Key Features & Originality

• Custom Thresholds (40/60): Beyond the standard ADX levels (25/50), levels at 40 and 60 mark advanced trend strength phases and highlight when momentum is beginning to fade.
  
• Trend Weakness Alerts: Configurable alerts trigger when ADX dips below 60 or 40, signaling ideal exit opportunities before a full reversal.
  
• Color-Coded ADX Line: The ADX line dynamically changes color upon crossing 40 and 60, making trend strength transitions instantly visible.
  
• mura Indicator Synergy: Specially designed to complement the mura indicator—when mura signals an exit and ADX falls below your chosen threshold, you get a high-confidence cue to close your position.
  

How It Works

1. Advanced Trend Phases: ADX above 25 confirms a trend, above 40 indicates strong momentum, and above 60 signals extreme strength. A drop below 60 or 40 warns of weakening momentum.
   
2. Exit Confirmation: Combine a mura exit signal (e.g., dot flip or reversal) with an ADX cross below 40/60 to capture optimal exit points.
   

Usage & Inputs

ADX Length (default 14): Period for ADX calculation.
Level Inputs: Customize your threshold levels (default: 25, 40, 50, 60).
Alert Toggles: Enable alerts on crosses above or below each level.
Style Settings: Adjust line colors and widths for ADX and threshold lines.

Why This Adds Value

Early Exit Signals: Identify momentum loss before major reversals, protecting profits.
Cleaner Trade Management: Visual cues reduce guesswork when exiting trades.
Modular Design: Use standalone or integrate with mura for robust entry/exit workflows.
Pine Script™ Version: v6
Open-Source License: MPL-2.0

9月25日

版本注释

Minor update