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Directional Movement Index (DMI)

DMI & ST DEV zone intersection [LM]Hello Traders, This indicator uses two indicators st dev extremes and DMI extremes and visualize intersection of both indicators extreme zones using crosses. It means where cross is rendered intersection of extremes has occurred. The standard deviation uses the same calculation as my Standard deviation zones Support & Resistance indicator, DMI indicator measures both the strength and direction of a price movement. I am using both indicators to find the intersection of extreme zones between them. ST DEV settings: source tops setting bottom setting DMI settings: length settings extreme zone setting Enjoy, Lukas
Pine Script® indicator
by lmatl
6
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
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
44
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
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
4
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
MrBS:Directional Movement Index [Trend Friend]I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends. ----- Features - A function to change the values used for calculation from real OHLC and Heikin Ashi. This allows us to look at different chart types but see the specific ADX we choose. Originally HA values were used for calculation since it is easier to see trend on HA charts. However when testing it was not as effective as the ADX calculated from the real values on normal charts. So the default function was flipped and real OHLC values are used as default. - Two ADX plots so we can see two different smoothness's. With a smoothing of 2, a slight slow down in PA can cause a negative slope but the smoother ADX will stay trending unless its a major change. 2nd ADX is slightly transparent. - There is an EMA of the main ADX that can be used as a exit signal filter. If the ADX starts going down but has not crossed the EMA we would stay in a trade. - Plots (excluding EMA) are coloured based on positive or negative slopes. - Fibonacci numbers have been used to create different trend levels, instead of the standard 25, 50, 100. - Alerts for every useful situation to help save time and not have to manually enter levels or crosses each time. - In the code there are 8 EMAs and 3 ADXs but it was too much so they have been slashed out, but are fully functional if you choose to activate and use them. To reactivate the 3rd ADX delete slashes on lines 50, 65, 78, 92-95, 165. The slashed out EMAs are much more obvious and easy to reactivate. Colours: ADX going up = Green ADX going down = Red DMI+ going up = Bright Aqua DMI+ going down = Turquoise / Dark Aqua DMI- going up = Bright Purple DMI- going down = Dark Purple EMA = White (50% transparent) If there is anything that would be useful, let me know and I will add it in. I've already got some improvements/changes planned and some of my notes can be found in the code. There is also a strategy to go with this indicator that will be uploaded very soon.
Pine Script® indicator
by MrBetonBlocks
3
DMI ModifiedThis is a Directional Movement Index (DMI) with a twist, instead of plotting the positive direction of +DI and negative direction for -DI, we subtract the +DI with the -DI on scales of 100 to -100. The result is plotted with a oscillator to identify the current trend. DMI Modified supports multiple moving averages (default is JMA with length of 3). You can disable moving averages smoothing in settings. == About the indicator == The Directional Movement Index, or DMI, is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI) In our case we do not draw the two lines, but the result of the subtraction of the two. == Oscillator Colors == GREEN : Asset is above zero line with a strong up trend. LIGHT GREEN: Asset is above zero line but up trending might be weakening. RED : Asset is below zero line with a strong downtrend. LIGHT RED: Asset is below zero line but down trending might be weakening. == Notes == Can also be used to find divergences. Bar coloring is disabled by default Like if you like and Enjoy! There is an idea to make a new strategy combined with DMI Modified (this script) and another script, hench, Follow.
Pine Script® indicator
by dman103
16
ADX DMI 3x - Dingue- ADX DMI DINGUE - Français (bottom) / English The best baddest - The Ultimate ADX DMI indicator for you to use. Good to clearly see who's in control. Bear Bull Includes : - 3x ADX - 3x DMI - 3 line system which uses DMI calculation and put it in a single line instead of positive / negative. Manual or Auto settings which adjusts length based on time frame used on screen. Color coded for clear direction. Squeeze shows when both sides are close together and this is when the trend might change or keep going. Suggestions are welcome, ask below for any questions. Try my other "DINGUE" indicators. Thanks. ----------------- Français ----------------- Le meilleur, le plus génial - L'ultime indicateur ADX DMI pour votre utilisation Très bon pour voir qui est en contrôle. Inclu : - 3x ADX - 3x DMI - 3 lignes qui remplace les lignes positives négatives du DMI pour une visualisation plus simple. Paramétrage manuel ou automatique qui ajuste les valeurs selon la grandeur de chandelles utilisée à l'écran. Codé avec des couleurs pour une visibilités de la direction claire. Squeeze qui montre quand les 2 côtés sont près l'un de l'autre et quand un changement de contrôle ou une continuation de la tendance se produit. Suggestions appréciées, pour toutes questions, écrire dans les commentaires plus bas. Essayez les autres indicateurs "DINGUE". Merci.
Pine Script® indicator
by CryptoDINGUE