A simple modification of the built-in "Average Directional Index": To identify wether there is an uptrend or a downtrend, the function color is conditional: no trend: black small uptrend (weak threshold): light green big uptrend (strong threshold): green small downtrend (weak threshold): light red big downtrend (strong threshold): red
Average Directional Movement Rating quantifies momentum change in the ADX . It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX . The interpretation is the same as the ADX ; the higher the value, the stronger the trend. The...
Edit of the popular script by @TraderR0BERT New features: - 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)
This is an EMA that color changes based on ADX. When ADX is low, EMA color is in lime or aqua, if the value of ADX moves higher, It changes from aqua to yellow and then red. You can change the settings like EMA period and the color, etc in the dialog window. Usually, as the trend becomes stronger, the ADX values rises, so there is a possibility on a trend...
==日本語説明も併記 // Japanese discription is following == ■ Momentum index (Smoothed ADX triple display) ■ Effective assets: All ■Example of utilization 1) Trend generation is assumed at the timing when at least two lines including the blue thick line (14) are raised 2) Confirm the candlestick and if the price jumps out of the Bollinger band ± 1 σ, the trend toward...
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...
It’s a method/study to find trending stocks/cryptocurrencies which uses two different periods (14, 5) ADX Overlap with a MACD Filter. The MACD filter may or may not be used. More Details will follow as time permits. Please let me know if I am missing anything….. Legal Disclaimer: I am not bribed to write here and I am not seeking insider favors. I wrote here so...
An easier to read implementation of ADX and DI, with colour indicating direction of trend, oscillator indicating strength of trend, and below threshold shown with a lack of colour (black).
Hello and welcome to my latest revision of my ADX and DMI series. This indicator features the Average Directional Index (ADX) and the Directional Moving Index (DMI), with a multi-timeframe (MTF) grid that shows you the dominant DMI on the select timeframes. There are four grid rows, allowing you to select four different timeframes to show in the study. In...
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...
Adx con color de fondo. Adx indicator with background color. Bullish trend background lime and line yellow. Bearish trend background red lines red.
This indicator converts conventional triple lined ADX, DI+ and DI- into two lines. First line is the original ADX line and second line is obtained by subtracting DI- from DI+ which named DI Spread(DIS) If ADX is greater than 20 there is a trend and if greater than 40 there is a strong trend but ADX does not tell the trend direction To determine trend direction,...
This is a very simple script which gives reliable signals for buying and selling in short term. I came across this strategy a long time before in some website and coded it here. I had been using this for a long time and made good profits. Idea is very simple, a buy call is triggered when RSI is greater than 75 and ADX is greater than 25. Sell call is triggered...
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!! JD.
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...
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...
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...