OPEN-SOURCE SCRIPT

ADX and DI+ v4.5 Optimized

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This script plots VWMA(ADX) vs EMA(DI+) under pre-set time frame.

Feature:

The Main Strategy is to look for potential BUY opportunity (Intraday trading, Session trading, Swing) when EMA(DI+) colored blue, entering upward into Green zone where ADX counterpart (default colored: Yellow) is also present.
Formula plot is also helpful to understand upcoming downtrend signal when both blue and yellow lines try to make diverted bifurcation like pattern on graph.


Disclaimer- This is an indicator script and not final Buy and Sell advice.

* Originally developed by © BeikabuOyaji and further extended & optimized by Bharat imbharat to serve above features
Notes de version
Some minor format corrections.
Script is intact.
Average Directional Index (ADX)highprobabilityTrend AnalysisuptrendVolume

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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