TheYangGuizi

CM_ADX+DMI Mod

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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)
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//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)

Commentaires

Love the work you have done. This indicator has become a very import part of my trading system. Thank you!
+1 Répondre
Hello Sir,

I observed that in down trend it should show light red, strong red or dark Red, instead some candles it is showing as green or dark green is it expected behavior?
Répondre
very much thx
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THX
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Love this! Thank you
Répondre
Excellent
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