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Green Trend, Red Chop Zone [rambijey]
This indicator offers a fresh perspective on the classic ADX. Instead of looking at the absolute ADX value, it focuses on the ADX Slope (Velocity).
The goal is to visually filter out market noise (Chop) and pinpoint exactly when a trend is accelerating.
The 4 Market Phases:
🟢 Green (Strong Bullish): ADX is rising fast, and Bulls are in control (+DI > -DI).
🔴 Red (Strong Bearish): ADX is rising fast, and Bears are in control (-DI > +DI).
🟡 Yellow (Neutral): ADX is flat or moving slowly. Transition phase.
⚪ Gray (Chop Zone): ADX is falling rapidly. The trend is dying, leading to consolidation or ranging markets.
Usage Tips: Avoid trading during Gray zones to prevent whipsaws. Look for entries when the histogram bursts into Green or Red, indicating a fresh surge in trend strength.
The goal is to visually filter out market noise (Chop) and pinpoint exactly when a trend is accelerating.
The 4 Market Phases:
🟢 Green (Strong Bullish): ADX is rising fast, and Bulls are in control (+DI > -DI).
🔴 Red (Strong Bearish): ADX is rising fast, and Bears are in control (-DI > +DI).
🟡 Yellow (Neutral): ADX is flat or moving slowly. Transition phase.
⚪ Gray (Chop Zone): ADX is falling rapidly. The trend is dying, leading to consolidation or ranging markets.
Usage Tips: Avoid trading during Gray zones to prevent whipsaws. Look for entries when the histogram bursts into Green or Red, indicating a fresh surge in trend strength.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。