Directional Movement Indicator: +DI and -DI I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not. +DI crossover to -DI barcolor is Aqua, if not bar color is Red. It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI...
This case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any...
This ADX indicator (Average Directional Index) tries to estimate the strength of a trend. The Average Directional Index is derived from the positive (+DI) and the negative directional indicator (-DI). The direction of movement is determined by comparing the highs and lows of the current and past periods. As soon as the indicator determines a trend strength for...
This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending. Default setting are as follows: 0-15 Absent Trend 15-25 Weak Trend 25+ Strong Trend FYI: 50-75 Very Strong Trend 75-100 Extremely Strong Trend You can configure 3 levels of strength (Absent, Weak & Strong) Please keep in mind that a...
It is an indicator that makes it easy to understand the change of ADX by adding a moving average to the famous indicator ADX. Since ADX and DI have a part where the calculation formula of DI + and DI- is fixed to one bar, there was a problem that it does not make much sense to increase the length. The biggest feature of this indicator is that it allows you to...
The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels . This is interpreted as price is compressing and building up energy...
So I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here . The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double...
ENG DESCRIPTION This script is a simple request from user, that want to have an allert when ADX and Stochastic has certain contidion. Also this indicator show when ADX is > or < than 40 when with red and green diamonds on top. It's used to validate a weakly setup to trade FUTURES. DESCRIZIONE IN ITALIANO Questo script è una semplice richiesta da parte di un...
This script is a useful tool to use to identify the current market. It includes three other indicators: 1. ATR (combined with a SMA of the ATR) 2. ADX 3. RSI It allows you to filter for when the market is trending vs. when the market is ranging by using any of the three indicators. You can also combine them to find extremely good trends to trade, or if you're a...
Hey tradingviewers! This is an All in one Indicator for those who can't add too many indicators on your charts. Inspired by ©LonesomeTheBlue "Indicators all in one" script. I found a lot of very interesting scripts on the public library and I decided to make a tool with some of the greatest IMO, adding some modifications to improve the indicators. With this tool...
Average Directional Index (ADX) and Difference between DI+ and DI- (ΔDI±), I call it Delta for short. The idea explained: ADX is a common indicator for analysing trend strength. Values over 25 usually indicate the symbol is in "trend mode", meaning there is a lot of momentum, upwards or downwards, - while values under 25 suggest it is in "range mode", the price...
Quick Summary --------------------- The RedK Trader Pressure Index (REDK_TPX) analyzes the changes in price bars to give the trader a clear visual insight that represents the ongoing fight between the bulls (buyers) and bears (sellers) in the market - to determine who is in control of the price action, which in turn can be helpful in a trader’s decision about how...
Stochastic and ADX (not plotted) DI positive and negative combined. This is done to remove the lines of DI +/- and make chart cleaner with just single point plot showing DI crossing. DI + above DI - = Green dot shown (bullish signal) DI + below DI - = Red X-cross shown (bearish signal) Enjoy!
ADX Strategy Description: Generates a long entry signal when the Average Directional Index (ADX) value is greater than the trendlevel and the close is greater than the filter value, and/or generates a short entry signal when the ADX value is greater than the trendlevel and the close is less than the filter value. The Average Directional Index evaluates the...
The Reverse DMI is in essence the same DMI or (Directional Movement Index) you all know and love with the addition of two reverse level features, and can be used to assist the end-user in their decision making for entry, exit and risk management. In a nutshell the first feature is a reverse engineered calculation of the +DMI, and -DMI levels, compared to each...
I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends. ----- Features - A function...
Trend Trader The code is open source, what it uses to print signals is MACD cross and ADX. Bar colors change in relation to where price is according to the 50 day MA. The MA ribbon is used for visualizing trend and using it for dynamic support/resistance. The ribbon is comprised of the 50 day and 100 day MAs. Main reason to publish this script is because some...
Crypto ADX + DMI This indicator is a customised version of the ADX + DMI by J. Welles Wilder in 1978, with default settings optimal for cryptocurrencies. What is the DMI (ADX) Indicator? According to Investopedia: DMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX...