loxx

VIDYA DMI Oscillator w/ DSL Levels [Loxx]

VIDYA DMI Oscillator w/ DSL Levels is a VIDYA smoothed Direction Movement Index with Discontinued Signals. These two add on features allow for more accurate signals by reducing noise.

What is the Direction Movement Index?
Within the suite of indicators that make up Wilder’s directional movement index (DMI) are the plus directional movement indicator ( +DI ) and the minus directional movement indicator ( -DI ). They provide the foundation for the more widely recognized average directional index ( ADX ). Whereas the ADX offers information about the strength of price movement but not its direction, the +DI and -DI furnish information about the positive or negative direction of price movement over a period of time.

Wilder provides complete information about the function and construction of all the components that make up the directional movement index in his 1978 book, New Concepts In Technical Trading Systems. In general, the plus and minus components of the DMI focus on that portion of the current bar’s trading range that is outside the range of the previous price bar. If it is higher, it is considered to be positive (+) and if it is lower, it is labeled negative (-). These values are divided by the true range and averaged over time, usually 14 periods. A move by the +DI above the -DI indicates that positive or upward price direction has overtaken negative or downward price direction. Conversely, when +DI falls below -DI , declining price either from selling pressure or lack of upward price momentum is taking control. Potential changes in direction or trend occur when the lines intersect.

What is VIDYA?
VIDYA (Chande's Variable Index Dynamic Average ) is an adaptive weighted moving average indicator. It was developed by Tushar Chande as an attempt to improve the performance of the EMA (Exponential Weighted Moving Average ) indicator.

Included:
  • Bar coloring
  • 3 signal variations w/ alerts
  • 4 intermediate smoothing types
  • Loxx's Expanded Source Types

Script open-source

Dans le véritable esprit de 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 le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?