OPEN-SOURCE SCRIPT

Directional Movement Index + Average Directional Index

By KondrackiKarl
Updated
Personal DMI and ADX script
ADX color change from positive vs negative momentum
DMI Color fill based on DMI+/- positive momentum
No fill color during lack of momentum
Release Notes
Testing updating an existing script

Reduced signal line to width value of 1

Personal DMI and ADX script
ADX color change from positive vs negative momentum
DMI Color fill based on DMI+/- positive momentum
No fill color during lack of momentum

snapshot
Release Notes
Changed colors from Aqua/Fuchsia to Lime/Red
Average Directional Index (ADX)Bitcoin (Cryptocurrency)BTCBTCUSDCryptocurrencyDirectional Movement Index (DMI)DM IndicatorEthereum (Cryptocurrency)xbtXBTUSD
KondrackiKarl

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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