ADX Trend Regions

This is a very simple indicator. It reflects possible price trend and colors the chart based on the slope of ADX (14 Period) and EMA (14 period) of an instrument.

Green: Rising ADX & Rising EMA (Could be an uptrend)
Blue: Falling ADX & Rising EMA (Could be a slowing uptrend)
Red: Rising ADX & Falling EMA (Could be a downtrend)
Yellow Falling ADX and Falling EMA (Could be a slowing downtrend)

When ADX is below minimum ADX, no color

Minimum ADX value is customizable based on your preference. Default is 15.

This is merely a technical indicator and is not a trade suggestion by any means!!

You may want to use this as a confluence along with other indicators and signals..

This is my first attempt at custom developing indicators!! My apologies for errors if any. Feedback welcome!!

Use wisely!!

Happy Trading!!

Created By shanshan1001
NinjaTrader Version 8
File Size 7.0 KB
Create Date 04/22/2019
# of Downloads 2362

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