PROTECTED SOURCE SCRIPT
ADX & DI with Long + Short Conditions
Updated
My version of the ADX & DI Indicator with an extra theshold and adjustable long and short conditions.
A green background (long) will appear when the ADX is rising, the DI+ is falling and the DI+ is below the (new) lower threshold.
A red background (short) will appear when the ADX is rising, the DI- is falling and the DI- is below the (new) lower treshold.
You can adjust the tolerance for the lower threshold in the settings of the indicator.
A green background (long) will appear when the ADX is rising, the DI+ is falling and the DI+ is below the (new) lower threshold.
A red background (short) will appear when the ADX is rising, the DI- is falling and the DI- is below the (new) lower treshold.
You can adjust the tolerance for the lower threshold in the settings of the indicator.
Release Notes
I have made Linear Regression optional and made more settings adjustable (length and offset)Added:
- Heikin Ashi calculations (real ones)
- Visual trade and chop zone via background colors
- Updated settings menu
Release Notes
Added:- ATR calculations on thresholds (1 Hour, 4 Hours or Daily Value)
- Option to change bar color
- Polished up the code a bit
Release Notes
I updated this script to a new version which can be found via clicking the URL below.Unfortunately TradinView does not allow the deletion of old/obsolete scripts
Please use the following version from now on:
Strength & Directional Movement [CP]
Disclaimer
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