ADX Trend Watcher

This is a very simple and easy-to-use information panel based on the ADX indicator. It shows the strength of the trend in context of several timeframes. It is useful as a general visualization of the situation on the market and as an instrument in the composition of any trading strategy.

Parameters

• Scaling - scale of the information panel.
• ADX: Period - ADX indicator period.
• Low Trend Level - threshold value of a low trend.
• Middle Trend Level - threshold value of a middle trend.
• High Trend Level - threshold value of a high trend.