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
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...
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...
3 Lines are Stochastic RSI's, strongest move is when all crosses and moves to one direction (from top or bottom).
Orange is original Stochastic of the timeline. (Live movement of price).
Green is original Stoch x 6. (Short term movement).
Red is original Stoch x27 (Long term price movement).
Transparent columns are ADX signal.
Higher the mountain,...
This script is an implementation of a well known Bollinger band + ADX retracement strategy for 1min to 15min charts. This variation uses my own settings, a market direction filter and has an alert that can be added to your trading alarms.
Edit of the popular script by @TraderR0BERT
- horizontal colored areas, indication weak/medium/strong trend
- vertical bars, signaling trend/momentum changes
- DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)
So... the popular version of "ADX and DI" shown on tradingview by masanakamura uses some wacky and incorrect formula for DI and uses SMA instead of the Wilder's MA that ADX/DI is supposed to use, and doesn't give the correct ADX and DI values. The Tradingview "Average Directional Index" uses the correct calculation but doesn't show DI+ and DI-. So, here it is with...
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 the gap between...
This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ...
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RSI + VOLUME WEIGHTED
To close the position you can choose between 2 Take Profit and the amount to use on each one.
You can transform it yourself into...
We display here the ADX has a colored histogram, which is
- green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !)
- red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential...
The goal of this study was to use ADX from Higher Timeframe - to determine trend direction
Why? Because ADX is very sensitive, able to show trend ending without any delay, but not in the middle of it.
Being able to see such immediate trend change on higher timeframe, is a great indicator of trend direction.
Adding just security() calls to 'highest', 'lowest' and...
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
Two lines are plotted, a bull line (blue) representing the bullish/buying...
It’s a method/study to find trending stocks and cryptocurrencies using two different periods (14, 5) ADX Overlap with a MACD Filter. The MACD filter may or may not be used.
Green shadow implies Trending Uptrend
Red shadow implies Trending Downward
I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time...