Inspired by the user scarf from Tradingview. In contrast with that other indicator, this one instead of a simple moving average (SMA) for the ADX calculations, uses a running moving average (RMA) or also known as Wilder's Average. I like having a histogram for the DI lines over just having lines alone because it makes it easier to see. In addition I made it so...
This can be used to compliment the Directional Movement Index if used as a standalone trading system. In addition to using the ADX and DI lines, a trailing stop can be used when the DI lines cross. If the plus line is above to show a buy signal, then the low of the price of when which the cross took place is used as a trailing stop. If the minus line is above to...
// Constructs the trailing ATR stop above or below the price, and switches
// directions when the source price breaks the ATR stop. Uses the Average
// Directional Index (ADX) to switch between ATR multipliers. The higher
// multiplier is used when the ADX is rising, and the lower ATR multiplier
// is used with the ADX is falling. This ADX criteria further widens...
today I would like to share an indicator that I had in my mind for quite some time. I call it ADX Boxes.
How does it work?
What the indicator does is very simple. Whenever the ADX falls below a certain threshold (which can be managed in the user input settings) a box will appear. The box will continue to grow as long as the ADX stays below the...
This indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum.
The indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler...
Fill indicates Strong Trend
Cross indicates End of Trend
El relleno indica una fuerte tendencia cuando el Di supera "Level Trend"
El cruce de Di+ con Di- indica el fin de la tendencia
Cuando el valor del ADX es menor a "Level Range", estamos en Rango
Alright - so this is my own version of John Carter's "10x Bars"... I have done multiple things that are different from his version so they are slightly different..
So first of all the main indicator is based off of the ADX and the DMI;
For those who aren't familiar with it, Directional Movement is what you'd pull up under "built-in's" from the indicators tab...
Combined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so...
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...
Version 2 added support for MTF, to see the trend direction on the lower or higher timeframe.
As an example to see the difference, the indicator is added three times, one time for the current TF, one set at the higher and one at the lower TF.
Cudo's to Chris Moody for the MTF-switching-code!!
Plots the multiple time frame version of the classic ADX-DI indicoator.
DI+ and DI-
DI Histogram difference with 2 threshold lookback values
For a similar multiple time frame indicator see the following scripts. They both use the historical + projection approach to yield non-repainting indicators.
KISS Addie is the ADX and DI+- indicator and is part of the 'keeping it simple' series. ADX is your Average Directional Index and DI is you Directional Movement Indicator.
ADX - Will show the strength of the trend regardless of direction.
00 - 10 : No trend
10 - 20 : Transitioning trend
20 - 40 : Trending
40 - 99 : Exhausted (Can also be considered a stronger...
As the first in a series of weighted moving averages I propose I present to you the ADX Weighted Moving Average .
The ADX Weighted Moving Average (ADXwma) calculates the average price over a certain period,
contrary to the well known Volume weighted ma, it is weighted by the ADX value,
the ADX value gives an indication of the "strength" of the market.
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum
the indicator was optimised for use with HA-candles, but works with regular candles as well
and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines
a threshold mask can be shown or omitted as...
A handy all-in-one package for DMI and ADX
Color-coordinated line for DMI with an EMA and histogram to gauge momentum, mark potential reversals, and quickly gather all the information you need to make your decisions.
- Color of the ADX line indicates the current trend
- An ADX below the EMA indicates a potentially falling/reversing trend
Kaly MTF ADX Rangoli Roller is a method/study for finding trending stocks, indexes and cryptocurrencies using two different data periods (10, 5) of ADX Overlap over different time-frames (10m, 1H, 4H, 1D, 1W, 1M). In the study, I used 5-Period ADX for all mentioned time-frames. You may use 10-Period ADX for lower time-frames especially 10m and 1H.
Sample Image of...