Wilders Directional Movement Index & ADX With three different lines that you can change With two Signals that you can turn on and off When you change the lines, the signals also change You can activate alerts depending on the signals The displayed time frame is changeable
This is special indicator based on DMI , I add to time length MTF that is not repainting you can change the MTF using int2 function the alerts are based on crossing the 0 (up or down) I hope you like it with no MTF
Just add to the DMI colors Volume RSI so now i think this is a better indicator
So this indicator give you the DMI in colors. buy in green. sell in red :)
Edit of the popular script by @TraderR0BERT New features: - horizontal colored areas, indication weak/medium/strong trend - vertical bars, signaling trend/momentum changes - DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)
So in this indicator I put the improved DMI together with stoch rsi the area in light blue are buy zone by the improved DMI the area in light red are potential sell zone by the improved DMI the green columns are stoch rsi crossing up the red columns are stoch rsi crossing down
This is a new indicator that make the normal DMI better insread of the ADX I put a volume indicator that have been transformed to be on regular scripts with this it much more easy to spot the true buy and sell points by the DMI have fun
Not an upgrade as much as a tweek. DMI+/- are slightly smoother. ADX was modified to be a field that is negative or positive, the value of which was multiplied to be highly visible. Hope you like it.
This script is very much beta! This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down...
This "Study" project has been created by request and is used in conjunction with the "Strategy" version. *** EXPERIMENTAL *** *** USE AT YOUR OWN RISK *** Description: Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades. I have generally found that setting the strategy ATR resolution to 3-5x that of...
It is a normal Directional Movement Index, but instead of using lines for +DI and -DI it uses histogram and 4 colors. It also contains an horizontal line (default value @20) to indicate when a trend is confirmed or not.
This is the 3rd version of Kay_BBands. When +DI (Directional Index ) is above -DI , then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 28 is the default in this version. I found its more appealing in 5M time frame. BLUE - ADX under 10 GREEN - Uptrend, ADX over 10 RED - Downtrend, ADX over 10 Use it with another band...
This is the second version of Kay_BBands. But this is infused with ADX. When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 20 is the default but can be set to 25. When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions. Use it with...
ADX and DMI oscillator with the keylevel coded in to the script, set for 23, suggested settings is 23 - 25 any trade with the ADX above the keylevel is a strong indicator that it is trending.
Directional Movement indicator implemented in Pine script. Use it to customize ADX behavior.
There is a nice writeup about a system that uses DMISTO here, which includes decent statistics: traderedge.net I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play with it and create their own systems. I added dots that denote signals similar...