Easy Trend Visualizer (ETV)

Category: trend, market_structure

A trend-following tool that uses triple-period ADX alignment to visualize trend strength, direction, and identifies support/resistance (horizontal) levels during consolidations.

Formula

Trend Condition = (ADX(P1)_t > ADX(P1)_{t-1}) AND (ADX(P2)_t > ADX(P2)_{t-1}) AND (ADX(P3)_t > ADX(P3)_{t-1}) AND (ADX(P1) > 35) AND (ADX(P2) > 30) \n\nDirection = (+DI > -DI) ? Bullish : Bearish \n\nHorizontal Level (Ex) = Last Close value before trend exhaustion.

Inputs

• ADXperiod1 (default: 10)
• ADXperiod2 (default: 14)
• ADXperiod3 (default: 20)
• UseAlertHorizontalLine (default: false)
• NumberPHLtoTrack (default: 0)
• IgnorePHLShorterThan (default: 2)

See signal primitives and every published strategy that uses Easy Trend Visualizer (ETV) on WOBR StrategyVerse.