ADX Green Trend, Red Chop

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Based on the ADX indicator. This uses the calculated slope of the ADX line to show if momentum is increasing or decreasing. Green means the slope of the ADX is positive and the trend in increasing. Red means the ADX slope is positive and momentum is decreasing.Gray or Yellow is aneutral transitional zone

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Update adds a lower threshold which is used to indicate high levels of choppiness or non-direction. The threshold can be adjusted. When indicator is below threshold and into the "Chop Zone", the histogram bars turn purple.

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Updated Chart

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Updated colors