Traders who look for support and resistance look for consolidation zones to make buy/sell decisions. Most traders consider ADX values above 20 to be Trending and when ADX is below 20, there is no Trend.
ADX Value – Trend Strength
0-20 – No Trend
20-40 – Weak Trend
40-60 – Trending
60-80 – Strong Trend
80-100 – Very Strong Trend
- Heat shows 6 different color options.
- Draw boxes around bars when ADX value is above UpperThreshold(40) or below LowerThreshold(20)
- Market Analyzer and Strategy Builder ready.
- Lifetime License for 2 computers.
Available for NinjaTrader 8.