INVITE-ONLY SCRIPT

[astropark] DMI/ADX strategy [alarms]

Updated
Dear Followers,

today I'm happy to share with you my DMI / ADX Strategy.
It provides directional trend information, so if a bullish or a bearish trend is going to start. Statistically it works better on lower timeframes (from 5 minutes to 1 hour).
It is both a Swing and Scalping Strategy indicator, based on a simple trend following theory, good for trading FOREX, Indexes, Stocks, Commodities and Cryptocurrencies.

To help in Taking Profits, the strategy integrates 2 special other than bull/bear signals:
  • Overbought and Oversold RSI Signals, which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition) (you can enable/disable it optionally)
  • Peak Profit Tracker, which resets every time a new trade starts and keeps track of price fluctuation during the trade: the message is don't be too greedy and take profits or lock them with a stoploss in profit (you can enable/disable it optionally)


You can edit many options in order to
  • have more/less bull/bear signals
  • enable/disable showing bull/bear signals
  • enable/disable showing RSI TP signals (you can edit RSI length, overbought (OB) and oversold (OS) levels)
  • enable/disable showing peak profits on each trade


The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy.
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management.

This script will let you set all notifications you may need in order to be alerted on each triggered signals.

You can find the strategy version for backtesting here below:
[astropark] DMI/ADX strategy [strategy]



Here there are some examples how this DMI / ADX strategy works on many markets:

LTC/USDT 15m
snapshot

BTC/USD 15m
snapshot

BNB/BTC 15m
snapshot

ETH/USD 15m
snapshot

GOLD (XAU/USD) 15m
snapshot

GOLD (XAU/USD) 1h
snapshot

FB 15m
snapshot

AAPL 15m
snapshot

TSLA 1h
snapshot

BANKNIFTY Index 5m
snapshot

NIFTY 50 Index 5m
snapshot


This is a premium indicator, so send me a private message in order to get access to this script.
Release Notes
added 6 specific alerts for every type of overbought / oversold background color
Bearish PatternsBullish PatternsCommoditiesCryptocurrencyForexindexesindiaOscillatorsStockstakeprofitTrend AnalysisVolatility

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact astropark for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

Want to use this script on a chart?

Warning: please read before requesting access.

I'm a software engineer, passionate for trading & developing trading tools & bots! Feel free to DM me & checkout my work: bit.ly/astroparktrading
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