CM_ADX+DMI Mod
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 green, dark red, exhaustion (default is 40, can be adjusted to whatever)
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 green, dark red, exhaustion (default is 40, can be adjusted to whatever)
//Created By Chris Moody on 11-18-2014 //Modded, YG, mashed together DMI + ADX //Designed to go with ADX Trading System. //Video Overview Explaining Setup study(title="CM_ADX_V1", shorttitle="CM_ADX + DMI") len = input(14, minval=1, title="DI Length") lensig = input(14, title="ADX Smoothing", minval=1, maxval=50) up = change(high) down = -change(low) trur = rma(tr, len) plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / trur) minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / trur) sum = plus + minus adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), lensig) osob=input(40,title="Exhaustion Level for ADX, default = 40") col = adx <= 10 ? gray : adx > 10 and adx <= 20 and plus > minus ? #98FF98 :adx > 10 and adx <= 20 and plus < minus ? #E77471 : adx > 20 and adx <= osob and plus > minus ? lime :adx > 20 and adx <= osob and plus < minus? red: adx > osob and plus > minus ?green:adx > osob and plus < minus ?maroon:white barcolor(col) //plot(plus, color=lime, title="+DI", style=line, linewidth=3) //plot(minus, color=red, title="-DI", style=line, linewidth=3) plot(adx, color=col, title="ADX", style=columns) plot(0, title="0 Line", style=line, linewidth=1, color=gray) plot(10, title="10 Line", style=circles, linewidth=1, color=gray) plot(20, title="20 Line", style=circles, linewidth=1, color=gray) plot(osob, title="10 Line", style=circles, linewidth=1, color=gray)