OPEN-SOURCE SCRIPT
Ex's DMI Divergence
This indicator I am posting open for everyone to see and use.
This is a modified DMI indicator, It has a DMI+ and DMI- and a 3rd line that is the average divergance/convergance of the two.
This indicator is used to recognize periods of consolidation, directional strength and retracements/reversal
There are some key things to watch for:
-When the Div/Conv line is yellow it means that the DMI+/- average distance is moving closer together(converging)
-When the Div/Conv line is aqua it means that the DMI+/- average distance is moving further apart(diverging)
-One DMI must be below the top threshold and other DMI must be below at least the Top threshold(or bottom if you prefer) to be considered valid
Signs of condolidation/possible reversal/weak strength:
-When the DMI+/- are crossing at any location stay mindful of entries
-If both DMI's are above the threshold there is no clear direction
-When the DMI Div/Conv is yellow it means trend is slowing down and aqua means it is picking up
This is a modified DMI indicator, It has a DMI+ and DMI- and a 3rd line that is the average divergance/convergance of the two.
This indicator is used to recognize periods of consolidation, directional strength and retracements/reversal
There are some key things to watch for:
-When the Div/Conv line is yellow it means that the DMI+/- average distance is moving closer together(converging)
-When the Div/Conv line is aqua it means that the DMI+/- average distance is moving further apart(diverging)
-One DMI must be below the top threshold and other DMI must be below at least the Top threshold(or bottom if you prefer) to be considered valid
Signs of condolidation/possible reversal/weak strength:
-When the DMI+/- are crossing at any location stay mindful of entries
-If both DMI's are above the threshold there is no clear direction
-When the DMI Div/Conv is yellow it means trend is slowing down and aqua means it is picking up
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
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.