This indicator helps determine the exit point of a play. Lots of green candles making you money? Got one red candle and now you're worried if this is the top? Check this indicator! A red arrow helps confirm that bearish pressure is rising while bull pressure is declining, and this may be your chance to exit. Works the opposite way for short plays, giving a...
Modification of DMI Stochastic indicator created by USGEARS, as requested by another user. This version just colors columns along with the indicator arrow.
Hello & welcome to my updated version of the ADX & DMI indicator. The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading. Here's a quick how-to: A detailed guide is available in my first version: Additional edits: My indicator paints the background of the indicator green when...
Hello & welcome to my custom version of the ADX & DMI indicator. The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading. Here's a quick how-to: The ADX , despite its name, is a directional index but only represents the strength of the dominant trend, which is marked by the DMIs (...
kr.tradingview.com Time of purchase : After the triangle under the Candle, Buy it if cross Just before the high on the day. and Consider the down trend and Whether the color of the candle is green and lime. DMI+ADX를 이용한 전략입니다. +DI가 -DI를 상향돌파하면 캔들 아래 삼각형이 생기며 봉 캔들이 그린이면 +DI > -DI 일때이며 진정한 상승은 ADX도 20보다 클때인 형광색 캔들일때 입니다. 매수시점은 당일 즉 블루라인 범위내에서 고점을 캔들아래 삼각형...
I decided to make this formerly invite only script public (you can find the invite only version here If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well. I would love to know your ideas and thoughts on how this indicator can be improved, so...
I'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5. I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still...
Hey guys, sometimes you just want to plot an Indicator value from a higher Timeframe on your Chart. For most Indicators this is pretty straightforward however there is one Indicator that has been giving me quite a headache while trying to do this: The Average Directional Index . Anyway after going through almost 200 versions of this script I finally found a...
It is a normal Directional Movement Index, but instead of using lines for +DI and -DI it uses histogram and 4 colors. It also contains an horizontal line (default value @20) to indicate when a trend is confirmed or not.
Mashed together Chris Moody's ADX thing with his DMI thing. So you can see trend strength + direction green-ish = uptrend-ish//red-ish = downtrend-ish Colors can be adjusted though. below 10 = gray, not much going on 10 - 20 = light green/light red, could be the beginning o something 20 - 40 = bright green / bright red, something is going on above 40 = dark...
Average Directional Index is a way to determine trend strength (and whether there is a trend). One of the caveats is when you have trendless conditions on a higher timeframe. You can get whipsaw conditions on the current timeframe in that case. The purpose of this script is to put ADX into the context of a higher degree trend on a single indicator.
DMI Stochastic Extreme - Version 2 - Replaced B with , Replaced S with - Ability to change Overbought and Oversold Levels - Clean PineScript List of All my Indicators - www.tradingview.com
USed the DMI Oscillator created by LARK "https://www.tradingview.com/v/T79b6F5n/" to create this DMI Stochastic Extreme. You can also use the DMI Stochastic by Lark Updated Version -
Combining DMI And Moving Average For A EUR/USD Trading System, by Rombout Kerstens The related article is copyrighted material from Stocks & Commodities Aug 2009
There is a nice writeup about a system that uses DMISTO here, which includes decent statistics: traderedge.net I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play with it and create their own systems. I added dots that denote signals similar...