ProTraderKit

Average Directional Index (ADX) Code

         //@version=5
strategy("ADX Strategy", overlay=true)

// Input parameters
adx_length = input.int(14, title="ADX Length")
adx_threshold = input.int(25, title="ADX Threshold")

target_points = input.int(100, title="Target Points")
stop_loss_points = input.int(50, title="Stop Loss Points")

[PDI, NDI, adx] = ta.dmi(adx_length, adx_threshold)

// Strategy logic
long_condition = adx > adx_threshold and ta.crossover(PDI, NDI)
short_condition = adx > adx_threshold and ta.crossunder(PDI, NDI)

// Plot ADX
plot(adx, color=color.blue, title="ADX")

// Strategy entry and exit
if long_condition
    strategy.entry("Long", strategy.long)
if short_condition
    strategy.entry("Short", strategy.short)

// 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
strategy.exit("Long Exit", "Long", limit=long_target, stop=long_stop_loss)
strategy.exit("Short Exit", "Short", limit=short_target, stop=short_stop_loss)