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Directional Movement Index (DMI)

ADXI + DMI Performance - TradingEDThis 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 type of trading operator of any experience level, from beginner to intermediate and advanced . Key components of the original indicator: • The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals. • The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum. • The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down. • ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend. ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI. Main functions of this modified indicator: 1) You can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.) 2) The SOURCE for the counts can be determined by the trader (close, open, etc). 3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style. 4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience. 5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. Main performance functions of this modified indicator: I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box. II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. * III) The BACKGROUND of the PERFORMANCE, you can customize the default color. * IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart. Main functions to customize the style of this indicator: a) You can select the color for ADX and for DMI, with the colors that best suit you. b) The CROSSOVER/CROSSUNDER signal between DI+ and DI- can also be customized. * c) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. * d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. * e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH, with the colors that best suit you. * * By default, they are marked as red for downtrends and green for uptrends.
Pine Script™ indicator
by Trading_ED
2
BTC Dominance TrendThis simple script applies the DMI/ADX (trend) indicator to the Bitcoin Dominance Index (BTC.D) to check whether BTC is increasing its dominance or not on that day. It is meant to be applied to altcoins on medium intervals. I put it together to test the following hypothesis: On days when BTC dominance is on the rise, altcoins are harder to take off, because Bitcoin is draining the lifeblood out of them, so caution is needed when opening trades. Olive background means BTC dominance is rising on that day, purple that it is decreasing. White background means it is not moving significantly in any direction. You can change the resolution (i.e. apply the DMI/ADX to a different BTC.D interval), just make sure to lower the threshold as well. I hope you find a good use for it! Beware if you try to incorporate it in your strategy, it uses higher timeframe data and hence is prone to repainting.
Pine Script™ indicator
by gi9opx
CryptoNite - Machine Learning Strategy (15Min Timeframe)Greeting Traders! I am back with another ML strategy. :D I kept my word with combining my machine learning algorithms from Python and integrating them into Tradingview. Thanks to Tradingview's new release of Pinescript v5 it is now possible. This strategy respects the Sortino Ratio and was created using 2 years of data for 50 different cryptocurrencies. That is a total of 100 years of data and 44,849 trades to create this strategy. Now let me tell you, my computer and I are exhausted. We both been at it non-stop for about two months everyday. I refine the strategy, and the computer runs 24/7 for a few days to spit out the best results into the terminal. It's been a good run so my computer will finally get some sleep tonight. So let's talk a little about the features of the strategy. In the settings window, you'll see the Stoploss, Take Profit Parameters, and Date Range. You can change the Date Range, but I recommend to leave the SL/TP parameters how they are because the machine learning algo chose those input. If you wish to change them you are always welcome to do so but backtest results will change. For the Take Profit parameters you'll see on the left side you something labeled time duration(displayed in minutes) and on the right side you'll see take profit values. Let's talk a little bit how they work. TP_values = { "0": 0.102, "133": 0.051, "431": 0.039, "963": 0 } In python, the table looks like this but it is quite easy to understand in Tradingview. From 0-133 minutes, the strategy is looking to the reach target point 1 at 10.2% profit. From 133-431 minutes, the strategy is looking to the reach target point 2 at 5.1% profit. From 431-963 minutes, the strategy is looking to the reach target point 3 at 3.9% profit. From 963+ minutes, the strategy is looking to break even at 0% profit on target point 4. Through each target point a sell trigger is active. It will look for the best time to sell even if TP has not been reached. This helps the trade not stay open too long. The last thing I need to mention is the textbox displayed on the right side of your chart. This textbox displays the current Take Profit value in dollar amount. So when you're in a trade you'll know what TP target has to be reached when the open trade is active. Throughout time, the target price changes depending how long the trade has been open. If you have any questions feel free to comment down below, and enjoy this strategy!
Pine Script™ strategy
by Trebor_Namor
20
MACD PlusMoving Average Convergence Divergence – MACD The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum. Added Color Plots to Settings Pane. Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature. Added Ability to Turn ON/OFF Show MacD & Signal Line. Added Ability to Turn ON/OFF Show Histogram. Added Ability to Change MACD Line Colors Based on Trend. Added Ability to Highlight Price Bars Based on Trend. Added Alerts to Settings Pane. Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert. Alerts are Pre-Set to only Alert on Bar Close. Added ability to show Dots when MACD Crosses. Added Ability to Change Plot Widths in Settings Pane. Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default). Squeeze Pro Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC. In this version, I've given the freedom to change this and try out different types of moving averages. The original squeeze indicator had only one Squeeze setting, though this new one has three. The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings. The orange dot Squeeze is the original from the first Squeeze indicator. And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression. Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where : DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength Label : Displaying the trend strength and direction Displaying adx and di+/di- values Displaying adx's momentum (growing or falling) Where tooltip label describes "howto read colored dmi line" Ability to display historical values of DMI readings displayed in the label. Added "Expert Trend Locator - XTL" The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings. Blue bars are bullish and indicate a potential upwards impulse. Red bars are bearish and indicate a potential downwards impulse. White bars indicate no trend is detected at the moment. Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets. The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up. The FE green triangles are "Filtered Entries" The AE green triangles are "Aggressive Filtered Entries"
Pine Script™ indicator
by OskarGallard
41
DMI Trade Zone [Alorse]Through the DMI Trade Zone you can find safe areas to trade in the Spot market. The logic behind the indicator is: - If the Positive Directional Movement (+DI) is greater than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be green with an opaque white background. - If the Positive Directional Movement (+DI) is less than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be red.
Pine Script™ indicator
by alorse
1
DMI - VisualBasically, when the background is: White = no defined direction Light blue = up. Dark blue = well defined up Light red = down Dark red = well defined down Blue/red centered circle = change of direction Red circle on top = possible short entry Blue circle at the bottom = possible long entry //Português Basicamente, quando o fundo é: Branco = sem direção definida Azul claro = alta Azul escuro = alta bem definida Vermelho claro = baixa Vermelho escuro = baixa bem definida Círculo azul/vermelho centrado = mudança da direção Círculo vermelho no topo = possível entrada de short Círculo azul na parte inferior = possível entrada de long
Pine Script™ indicator
by RB_TRADER
2
DMI Swings (by Coinrule)The Directional Movement Index is a handy indicator that helps catch the direction in which the price of an asset is moving. It compares the prior highs and lows to draw three lines: Positive directional line (+DI) Negative directional line (-DI) Average direction index (ADX) DMI is simple to interpret. When +DI > - DI, it means the price is trending up. On the other hand, when -DI > +DI, the trend is weak or moving on the downside. The ADX does not give an indication about the direction but about the strength of the trend. Typically values of ADX above 25 mean that the trend is steeply moving up or down, based on the -DI and +D positioning. This script aims to capture swings in the DMI, and thus, in the trend of the asset, using a contrarian approach. ENTRY -DI is greater than +DI ADX is greater than 45 EXIT +DI is greater than -DI ADX is greater than 45 Trading on high values of ADX, the strategy tries to spot extremely oversold and overbought conditions. Values of ADX above 45 may suggest that the trend has overextended and is may be about to reverse. Our backtests suggest that this script performs well for very short-term scalping strategies on low time frames, such as the 1-minute. The script considers a 0.1% trading fee to make results more realistic to those you can expect from live market conditions. So realistically, live results should be similar to backtested results. You can plug this script directly into your crypto exchange using TradingView Signals on Coinrule. Trade Safely!
Pine Script™ strategy
by Coinrule
ADX / RSI Strategy by Trade Rush (created by SirPoggy) This is one of many new strategies coming soon which were seen on Trade Rush This one is the ADX / RSI Strategy seen here: https:www.youtube.com/watch?v=uSkGE0ujyn4 While the strategy has been modified slightly to use the DMI instead of the ADX, the core of the strategy is essentially the same Long signals are generated when the RSI is above 70, close is above the 200EMA, and the ADX is above 25 (added is the plus DMI over 25 and minus DMI below 20) Stop loss is placed below /above the 21 EMA, however, there is a deviation required to ensure price is not too close to where a stop loss would be placed. Short signals are generated when the RSI is below 30, close is below the 200EMA, and the ADX is above 25 (added is the minus DMI over 25 and plus DMI below 20) I do not recommend using this strategy but I have provided this code for educational purposes. Thanks! Let me know which strategy you'd like coded next in the comments below.
Pine Script™ strategy
by UnknownUnicorn20967364
7
Multiple Oscillator Crossing - TradingEDThis case study is based on different previous studies: ADX Triple , MACD Triple & RSI Triple , with three different counts to compare different oscillations of each indicator. Actually, this indicator is complementary to those previously mentioned . 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 codes, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level , from beginner to intermediate and advanced . Key components of the original ADX indicator: • The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals. • The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum. • The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down. • ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend. ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI. Key components of the original RSI indicator: ● The Relative Strength Index ( RSI ) is a popular momentum oscillator developed in 1978. ● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price. ● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%. It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings. Key components of the original MACD indicator: ● The Moving Average Convergence Divergence ( MACD ) is calculated by subtracting a long period (26) Exponential Moving Average ( EMA ) from a short (12) period EMA . ● MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. ● The speed of crossovers is also taken as a signal of a market is overbought or oversold. ● MACD helps traders to understand whether the bullish or bearish movement in the price is strengthening or weakening. It is a momentum indicator that follows the trend and shows the relationship between two moving averages of the price of a security. It can function as a trigger for buy and sell signals, when you cross above (to buy) or below (to sell) your signal line. It helps to understand if the movement is bullish or bearish , if it is getting stronger or weaker. The further the MACD is above or below its baseline, it indicates that the distance between the two EMAs will be growing, often shown with a histogram that graphically represents the distance between the MACD and its signal line, and It is used to identify when the bullish or bearish momentum. Main functions of this modified indicator: 1) The SOURCE for the counts can be determined by the trader (close, open, etc). 2) In some cases, you can select the type of MOVING AVERAGE , among many available options ( SMA , EMA , DEMA , HMA , etc.) 3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style. 4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience. 5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. * 6) You have the option to hide or show INDICATORS or SIGNALS based on EACH OSCILLATION . Main performance functions of this modified indicator: I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box. II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. * III) The BACKGROUND of the PERFORMANCE , you can customize the default color. * IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart. Main functions to customize the style of this indicator: a) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. * b) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. * c) When you have a SHORT SIGNAL or a LONG SIGNAL , you can change the EMOTICON that comes by default. ** * By default, they are marked as red for downtrends and green for uptrends. ** By default, they are marked with an emoticon indicating the possible direction of the price, down if it is bearish or up if it is bullish .
Pine Script™ indicator
by Trading_ED
5
ADX Triple - Average Directional Movement Index - TradingEDThis 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 type of trading operator of any experience level, from beginner to intermediate and advanced. Key components of the original indicator: • The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals. • The DMI uses two standard indicators, one negative (-DI) and one positive (+DI), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX (ADX), which is non-directional but shows momentum. • The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down. • ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend. ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI , there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI , then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI . Main functions of this modified indicator: 1) You can select the type of MOVING AVERAGE , among many available options (SMA, EMA, DEMA, HMA, etc.) 2) The SOURCE for the counts can be determined by the trader (close, open, etc). 3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style. 4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience. 5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. Main performance functions of this modified indicator: I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box. II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. * III) The BACKGROUND of the PERFORMANCE , you can customize the default color. * IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart. Main functions to customize the style of this indicator: a) You can select the color for ADX and for DMI , with the colors that best suit you. b) The CROSSOVER/CROSSUNDER signal between DI+ and DI- can also be customized. * c) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. * d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. * e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH , with the colors that best suit you. * * By default, they are marked as red for downtrends and green for uptrends.
Pine Script™ indicator
by Trading_ED
2
Trader Pressure Index (TPX)This is my take on the script by RedK I kept the algorithm exactly the same, but changed the layout and the default look back period. Most important is that the resulting line, the TPX, is now a histogram with green and red staves. To put the histogram on a logical place in the graph, I changed the way the control/dominance level is implemented, it now lowers or highers the whole graph, this way the zero level becomes the ‘no interest’ level. I added two horizontal lines at a distance of 40 because I feel that this is sort of an oversold / overbought indication. In practice not very convincing, but provides a visual comparison. In this layout I explain that grass is growing on bull hills peaking up behind the foreground and blood is dripping from the bear hills. Enjoy.
Pine Script™ indicator
by eykpunter
7
[kai]ADXIt 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 calculate multiple bars by increasing the multipler option. For example, by setting multipler = 4 in the 1-hour time frame, it is possible to resemble the calculation result of the 4-hour bar in a multi-time frame. How to use this Inge is the same as how to use ADX and DI When ADX (orange) GX (blue circle), take a position in the direction of DI (green zone, red zone), I think the payment is good when ADX (blue) is DX (orange circle) when DI +（green）, DI-(red) is 35 or more, contrarian is dangerous. 有名なインジケーターのADXに移動平均を付けてADXの変化をわかりやすくしたインジケーターです ADXとDIはDI+,DI-の計算式がバー一本固定の部分があるので、lengthを増やしてもあまり意味がない問題がありました このインジではmultiplerオプションを増やすことによって、複数のバーを計算できるようにしたのが最大の特徴になります 例えば1時間足でmultipler＝4にすることでかなりマルチタイムフレームの4時間足の計算結果に似せることができます このインジの使い方は、ADX、DIの使い方と同じです ADX（オレンジ）がGX（青丸）した時にDI（緑塗り、赤塗り）の方向にポジションを取って、 ADX（青）がDX（オレンジ丸）した時に、決済がよいと思います DI+（緑）,DI-（赤）が35以上の時に逆張りは危険です
Pine Script™ indicator
by xinolia
2
(JS) Triple StochasticSo 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 stochastic to get a smoothed output based on all 3. Also - since I love being able to see a Squeeze (see my Squeeze Pro indicators - Squeeze Pro 2 & Squeeze Pro Overlays ) I added the Squeeze to the Stochastic (the dots). If you're unfamiliar with how a Squeeze works, or what it is, check out my links for explanation. A quick explanation however is that the Squeeze is an indicator that was invented by John Carter that detects price compression before a big move out of a range. This is done by using Bollinger Bands and Keltner Channels, the BB shrink inside the KC. The color of the dots represent the depth of the BB in the KC, white (or black) being the lightest squeeze, red being the standard squeeze, and yellow being the strongest squeeze. Now on to the indicator: The first thing you'll notice is the options available for the type of Stochastic you'd like to use: Standard : This is a regular Stochastic Stochastic RSI : This is the standard Stochastic RSI Double : This is the Stochastic on top of a Stochastic from the prior version Triple : This is simply an average of all 3 of the above combined together (Top indicator shows the Triple Stochastic) The options "K", "D", and "Smooth" are the settings from a regular Stochastic used to set up the type of Stochastic you choose to use. Now let's say you're not sure how one type performs compared to another, or you like the quickest momentum change but also like to see the smoothest trend, or you want to use the same types of Stochastic and watch for them to cross like moving averages - for these reasons I added the ability to add a second Stochastic for comparison. (2nd indicator shows a fast and slow Triple Stochastic together) Quite obviously, the "K 2", "D 2", and "Smooth 2" are what is used in order to set the parameters for the second Stochastic. Now another thing I added was the option to replace the regular Stochastic and instead look at the distance between the K and D. By turning off "Use K% and D%" you get to see this in action. To put it simply, a cross above zero would indicate a positive Stochastic crossover, and a cross below zero would represent the opposite. There's also an option titled "SMA Length using Difference" which, to smooth this out a bit, allows you to apply a moving average to the distance. By setting it at 1 you'd see the actual distance between K and D. (3rd indicator shows the K and D distance used as a plot) Another thing I wanted to do was add a different type of background that wasn't based on the indicator itself. I decided to use ADX & DMI which is a great way to determine the trend. When you select "ADX/DMI BG" the BG colors will change from being based on the indicator to being based on ADX and DMI. (The 3rd indicator also shows the ADX/DMI BG being used). And now finally the last feature I decided to add takes us back to the Squeeze. Essentially it is just the Stochastic shown through the lens of Squeeze momentum, as I ended up plugging the Stochastic output into the Squeeze momentum formula to create an oscillator. By selecting "Use Oscillator" you will see this in action as well. (Bottom indicator shows the oscillator addition)
Pine Script™ indicator
by J-Streak
3
Agisko Crypto Scalper v4.2 (BUY/SELL)Indicator that generates BUY and SELL shapes with alerts. OSC scale can be configured to visualize the oscillator better. Nothing required, just for visualization. DMI mark is by default 10 which is fine for most situations. DMI range is the buffer zone where BUY orders will be created. E.g.: DMI mark 10 and DMI range 1 will create a zone for BUY when DMI+ is between 9 and 11 (10-1 and 10+1). This works perfect on the 5 minute chart and is suggested to use the SELL alert for exits or use a take profit (TP) of 1% with optional trailing if you use bots like 3 commas. Stoploss is the same. Use the SELL alert or set a manual stoploss of 2-5%.
Pine Script™ indicator
by Mouseuh
Directional Movement Index and ADXDMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX (white/gray line), DI+ (green line), and DI- (orange line). The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger the trend. The ADX line is white when it has a positive slope, otherwise it is gray. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, the current price momentum is up. When the DI- is above DI+, the current price momentum is down. Trend detection: When the background has a bluish color there is an upward trend, and when the background has a reddish color there is a downward trend. Includes an information panel that shows the current value and trend of some well-known indicators.
Pine Script™ indicator
by OskarGallard
5
Reverse DMIThe 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 other, in relation to the current price level as the point of divergence. The second feature is a reverse engineered calculation of the ADX, +DMI, and -DMI levels, compared to the user defined Threshold level, in relation to the current price level as the point of divergence. At a glance this can then be used to determine the closing price level needed in order to cross the +DMI and -DMI, as well as the closing price level needed in order to cross the ADX, +DMI, and -DMI either under or over the user defined Threshold. Optional Settings Include: ------------------------------- 1.) Change the Threshold Levels Right Margin 2.) Show/Hide ADX Exhaustion (will highlight the plot, if condition is met or exceeded) 3.) Show/Hide DMI Crosses (will highlight the background once, if condition is met) 4.) Show/Hide Reverse Levels 5.) Change the Reverse Levels Text Size 6.) Change the Reverse Levels Text Color 7.) Change the Reverse Levels Text Left Margin 8.) Change the Reverse Levels Decimal value 9.) Show/Hide the Reverse Levels Currency
Pine Script™ indicator
by lynchs
3
CHOP Zone Entry Strategy + DMI/PSAR ExitThis is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend confirmation and direction determination; it consists of an Average Directional Index (ADX) , Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) . In addition, a Parabolic SAR is also included to act as a trailing stop during any strong trends. Development Notes --------------------------- This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use. www.tradingview.com www.tradingview.com www.tradingview.com Recommend using the below DMI and PSAR indicators in conjunction with this script to fully visualize and understand how entry and exit conditions are chosen. Variable inputs should correlate between the scripts for uniformity and visual compatibility. THANKS to LazyBear and his Momentum Squeeze script for helping me quickly develop a momentum state model for coloring the Chop line by trend. Strategy Description --------------------------- CHOP produces values that determine whether the market is choppy or trending . The closer the value is to 100 , the higher the choppiness levels , while the closer it is to 0 , the stronger the market is trending . Territories for both levels, and their associated upper and lower thresholds, are popularly defined using the Fibonacci Retracements, 61.8 and 38.2. Basic Use --------------------------- CHOP is often used to confirm the market condition to help you stay out of sideways markets and only enter when there is movement or imminent explosions. When readings are above the upper threshold, continued sideways movement may be expected, while readings below the lower threshold are typically indicative of a continuing trend. It is also used to anticipate upcoming trendiness changes, with the general belief that extended periods of consolidation (sideways movement) are followed by extended periods of strong, trending, directional movement, and vice versa. One limitation in this index is that you must be cautious in deciding whether the range or trend will likely continue, or if it will reverse. Confidence in price action and trend is higher when two or more indicators are in agreement -- while this strategy combines CHOP with both DMI and PSAR, we would still recommend pairing with other indicators to determine entry or exit trade opportunities. Recommend also choosing 'Once Per Bar Close' when creating alerts. Inputs --------------------------- Strategy Direction - an option to only trade Short, Long, Both, or only in the direction of the Trend (Follow Trend is the Default). Sensitivity - an incremental variable to test whether the past n candles are in the same trend state before triggering a delayed long or short alert (1 is the Default). Can help filter out noise and reduces active alerts. Show Chop Index - two visual styles are provided for user preference, a visible Chop line with a background overlay, or a compact column and label only view. Chop Lookback Period - the time period to be used in calculating CHOP (14 is the Default). Chop Offset - changing this number will move the CHOP either forwards or backwards relative to the current market (0 is the Default). Smooth Chop Line and Length - if enabled, the entered time period will be used in calculating a smooth average of the index (Enabled and 4 are the Defaults). Color Line to Trend Direction - toggles whether the index line is colored to visually depict the current trend direction (Enabled is the Default). Color Background - toggles the visibility of a background color based on the index state (Enabled is the Default). Enable DMI Option - if enabled, then entry will be confirmed by and dependent on the ADX Key Level, with any close or reversal confirmed by both ADX and +/-DI to determine whether there is a strong trend present or not (Enabled is the Default). ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default). DI Length - the time period to be used in calculating the DI (14 is the Default). ADX Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting). Enable PSAR Option - enables trailing stop loss orders (Enabled is the Default). PSAR Start - the starting value for the Acceleration Force (0.015 is our chosen Default, 0.02 is more common). PSAR Increment - the increment in which the Acceleration Force will move (0.001 is our chosen Default, 0.02 is more common). PSAR Max Value - the maximum value of the Acceleration Factor (0.2 is the Default). Color Candles Option - an option to transpose the CHOP condition levels to the main candle bars. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe. Note too that if both DMI and PSAR are deselected, then close determinations will default to a CHOP reversal strategy (e.g., close long when below 38.2 and close short when above 61.8). Though if either DMI or PSAR are enabled, then the CHOP reversal for close determination will automatically be disabled. Indicator Visuals --------------------------- For the candle colors, black indicates tight chop (45 to 55), yellow is loose chop (38.2 to 45 and 55 to 61.8), dark purple is trending down (< 38.2), and dark blue is trending up (> 61.8). The background color has additional shades to differentiate a wider range of more levels… • < 30 is dark purple • 30 to 38.2 is purple • 38.2 to 45 is light purple • 45 to 55 is black • 55 to 61.8 is light blue • 61.8 to 70 is blue • > 70 is dark blue Long, Short, Close, and Reverse labels are plotted on the Chop line, which itself can be colored based on the trend. The chop line can also be hidden for a clean and compact, columnar view, which is my preferred option (see example image below). Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this strategy and how its inclusion can benefit a comprehensive trading plan. DMI and Trend Strength --------------------------- To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines.  An ADX reading above 25 indicates a strong trend , while a reading below 20 indicates a weak or non-existent trend .  A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values. DMI exits trade when ADX is below the user selected key level (e.g., default is 25) and when the +/- DI lines cross (e.g., -DI > +DI exits long position and +DI > -DI exits short position). PSAR and Trailing Stop --------------------------- PSAR is a time and price based indicator that excels at measuring direction and duration, though not the actual strength of a trend, which is why we use this in conjunction with DMI. It is also included in this script as a trailing stop option to maximize gains during strong trends and to mitigate any false ADX strengthening signals. This creates a parabola that is located below the candle during a Bullish trend and above during a Bearish trend. A buy or reversal is signaled when the price crosses above or below the Parabolic SAR. Long/Short Entry --------------------------- 1. CHOP must be over 61.8 (long) or under 38.2 (short). 2. If DMI is enabled, then the ADX signal line must be above the user selected Key Level (default is 25). 3. If Sensitivity is selected, then that past candle must meet the criteria in step 1, as well as all the intermediate candles in between. 4. If "Follow Trend" is selected and PSAR is enabled, then a long position can only open when the momentum and PSAR are in an uptrend, or short when both are in a downtrend, to include all intermediate candles if the Sensitivity option is set on a past candle. Close/Reverse --------------------------- 1. If DMI is enabled, then a close flag will be raised when the ADX signal drops below the Key Level (of 25), and -DI crosses over +DI (if long), or +DI crosses over -DI (if short). 2. If PSAR is enabled, then a close flag will be raised when the current trend state is opposite the last state. 3. If both DMI and PSAR are disabled, then a close flag will be raised if the Chop line drops under 38.2 (if long) or goes over 61.8 (if short). 4. If a Long or Short Entry is triggered on the same candle as any of the above close flags, then the position will be reversed, else the position will be closed. Strategy Alerts --------------------------- 1. Long Entry 2. Short Entry 3. Reverse 4. Close The provided backtest result is based on a position sizing of 10% equity with 100k initial capital. When testing SPX, disabling the DMI performed the best, but EURUSD performed poorly without it enabled, and TSLA had a small reduction in net profit. Timeframe likewise differed between commodities with TSLA performing best at 30M, SPX at 15M, and EURUSD at 4H. I do not plan on using this as a standalone strategy, but I also was expecting better results with the inclusion of EMI and PSAR to compliment the CHOP. Key elements of this script will likely be included in future, more holistic strategies. Disclaimer --------------------------- Past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script are not intended to provide any financial advice. Trade at your own risk. No known repainting, though there may be if an offset is introduced in the Inputs. I did my best not to code any other variables that repaint, but cannot fully attest to this fact.
Pine Script™ strategy
by IronCasper
4