Scribd
Upload
45 views1 page

ADX Trading Strategy in Pine Script

This document outlines a trading strategy using the Average Directional Index (ADX) in Pine Script. It defines input parameters for ADX length, threshold, target points, and stop loss points, and establishes conditions for entering long and short positions based on the crossover of Positive and Negative Directional Indicators (PDI and NDI). The strategy also includes logic for plotting the ADX and managing exits with specified target and stop loss levels.

Uploaded by

Latesh K Thakur
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
45 views1 page

ADX Trading Strategy in Pine Script

This document outlines a trading strategy using the Average Directional Index (ADX) in Pine Script. It defines input parameters for ADX length, threshold, target points, and stop loss points, and establishes conditions for entering long and short positions based on the crossover of Positive and Negative Directional Indicators (PDI and NDI). The strategy also includes logic for plotting the ADX and managing exits with specified target and stop loss levels.

Uploaded by

Latesh K Thakur
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

//@version=5

strategy("ADX Strategy", overlay=true)

// Input parameters
adx_length = [Link](14, title="ADX Length")
adx_threshold = [Link](25, title="ADX Threshold")

target_points = [Link](100, title="Target Points")


stop_loss_points = [Link](50, title="Stop Loss Points")

[PDI, NDI, adx] = [Link](adx_length, adx_threshold)

// Strategy logic
long_condition = adx > adx_threshold and [Link](PDI, NDI)
short_condition = adx > adx_threshold and [Link](PDI, NDI)

// Plot ADX
plot(adx, color=[Link], title="ADX")

// Strategy entry and exit


if long_condition
[Link]("Long", [Link])
if short_condition
[Link]("Short", [Link])

// Calculate target and stop loss levels


long_target = strategy.position_avg_price + target_points
long_stop_loss = strategy.position_avg_price - stop_loss_points
short_target = strategy.position_avg_price - target_points
short_stop_loss = strategy.position_avg_price + stop_loss_points

// Strategy exit
[Link]("Long Exit", "Long", limit=long_target, stop=long_stop_loss)
[Link]("Short Exit", "Short", limit=short_target, stop=short_stop_loss)

You might also like