ADX Auto Range - indicatore per MetaTrader 5

This indicator automates the identification of market consolidation ranges by measuring fading trend strength via the Average Directional Index (ADX). Instead of relying on subjective price-action analysis, it systematically detects when a strong rally or trend is dying and starts drawing a consolidation range around the choppy market area where it would be considered extremely risky to trade inside.

Sensitivity (InpSlopeBars): Determines how far back each strength reading compares (ADX[shift] vs. ADX[shift - InpSlopeBars]).

1 = Noisy/Fast (one-bar difference)

2 = Balanced (ignores a single up-tick inside a decline)

4+ = Macro Fade (slower, broader detection)

Confirmation (InpDeclineBars): Specifies how many consecutive negative slope readings must occur before a range box is officially opened.

With 1 you get a single sample: ADX[t] < ADX[t-2]. Setting it to 2 it also requires ADX[t-1] < ADX[t-3]; at 3 you add ADX[t-2] < ADX[t-4]. 

InpEndOnStrengthRise: when true, an open range is also closed as soon as strength rises (ADX[t] > ADX[t-2], using the same slope), in addition to a breakout. It only affects closing, never opening, and a box still needs InpMinRangeBars to be drawn. false means ranges only end on a genuine price breakout meaning that the range will only conclude once the candles close above the high of the range, or below the low of the range. Price breaking out of the range does not always conclude a breakout, as in a bearish trend, sometimes the price can push upwards slightly out of the range before the real bearish move happens.

InpBreakoutPercent: Minimum percentage of a candle's total range that must close outside the boundary to validate a breakout.

InpMinRangeBars: Minimum bar width required for a range box to be finalized and drawn on the chart.