Setup for Short Term Investment using RSI&ADX. High success rateThis 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 when RSI is lesser than 25 and ADX is again greater than 25. To remove false signals I always use it with EMA(close,8) which is also included as part of the code.
The ideal chart resolution is 1 day, below this the indicator is not reliable. Haven't tested this indicator for anything other than daily chart.
Refer the snapshots for more details.For any queries, please comment or PM me.
ADX
ADX-DI MTF trend indication - JD version 2Version 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.
ADX-DI trend indication - JDThis 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 visual way than the normal ADX-DI lines.
A threshold mask and the actual DI-lines kan be shown or omitted as preferred
JD.
ADX-DI trend indication - JDThis 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 visual way than the normal ADX-DI lines.
A threshold mask and the actual DI-lines kan be shown or omitted as preferred
JD.
ADX and DI (Average Directional Index) - CORRECT FORMULASo... 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 the DI+ and DI- visible. Enjoy!
15 Minute Bitcoin Indicator 1.0Indicator Description:
This is a premium indicator that is intended for trading on the 15 minute time scale. This script uses ADX to judge the strength of trends. When a trend is confirmed by ADX, the indicator uses SRSI to find the optimal entry. The indicator works best on BITFINEX:BTCUSD .
Instructions:
Whenever there is a sell signal exit the current long and vice versa. If a close signal appears close the current position but do not open another trade in opposite direction. There is a indicator based stop loss system that is built into the signals, but no static stop loss based on % loss or pips moved in one direction.
Available Settings :
1. Buying and Selling Thresholds: These are the values that are used with SRSI to determine entries. The default values were experimentally determined
to be the most profitable.
2. Stacked Orders Allowed: This limits the amount of positions that can be entered in the same direction. This is useful for trading with leverage. This is defaulted to 2 because I limit myself to 2x leverage. Backtesting shows the more orders allowed, the more profitable, but also risk is increased.
3. ADX/DI Settings: These are settings the ADX smoothing and DI length.
Backtesting:
CLICK HERE
This is a strategy that enters and exits positions on the exact same criteria as this indicator. For the simulation the capital was 10,000 dollars and it was allowed to go up to 2x leverage. Each trade used 100% of available funds. The same simulation done from 1/1/2018 to 4/10/2018 resulted in:
3658.38 % Net Profit
316 Total Closed Trades
77.22 % Profitable
4.552 Profit Factor
24 % Max Drawdown
+11.58% Average Trade
20 15m candles in each trade on average.
Future Plans:
More robust stop loss system.
Factoring trend into trading signals.
EMA integration.
MULTI-TIMEFRAME SUPPORT
Availability
This indicator is currently in a testing stage of development with a full release planned for mid April. While the indicator is not completed, it currently is profitable for me to consider it ready for release. During this testing phase anyone can test it for free for three days, just comment below. Lifetime access currently costs .005 btc, and this price will increase once the full release occurs, if you are interested, DM me for further details.
Please comment with any ideas, suggestions, or criticisms.
Ultimate Bar Analysis Emiliano MesaMy most complex script as a gift to you @TradingView.
Simple price action analysis. Look at the chart and the indicator will do everything else for you. This indicator is based in a combination of several indicators, including ADX, EMA, and concepts by the book "Bar by Bar" by Al Brooks. You can use it any way you like.
Its been tested in 5 minute stock charts, anything else is not assured to work.
Key:
Yellow/Pink ===> Buyer / Seller pressure (Bears/Bulls are gaining momentum)
Green/Orange ===> Up Trend / Down Trend, this is based on ADX, change the values if you wish.
Red ===> High reversal chance, based on Al Brooks book.
Grey Bars ===> No man land. (No trend is taking place)
Hope you enjoy! Leave your feedback down below.
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Want your own indicator? Email me at : emilianomesauribe2000@live.com
Prices starting at 100$
checkm8's ADX & DMI v2 with MTF Godmode CrossoversHello & welcome to my updated version of the ADX & DMI indicator.
The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading.
Here's a quick how-to:
A detailed guide is available in my first version:
Additional edits:
My indicator paints the background of the indicator green when +DMI is above -DMI and red when -DMI is above +DMI. In addition to this, the background will paint darker green when the RSI on the timeframe exceeds 70 and even darker when the RSI exceeds 80, in a +DMI dominance. The background will paint darker red when the RSI on the timeframe falls below 30 and even darker when the RSI falls below 20, in a -DMI dominance.
The indicator also displays multi-timeframe (MTF) crossovers on Godmode MACDs, plotted on the ADX line. If the dots are teal, it means that the shorter-term MA crossed above the longer-term MA (bullish), and if it is fuchsia, the shorter-term MA crossed below the longer-term MA (bearish).
Additional notes:
Additional edits:
1) Speculating on DMI crossovers is dangerous, especially on larger timeframes. Be careful when doing so if you are not familiar with the calculations behind the DMIs and if you are not familiar with how movements on lower timeframes translate to larger timeframes.
Additional resources to learn about ADX & DMI:
1) seekingalpha.com
2) stockcharts.com
Special thanks:
-xSilas, for the development of the Godmode calculations used in my indicator
-dent77x, for being a thinkpool and emotional support
-kristarling, for help with the coding
ADX + DMI v.checkm8Hello & welcome to my custom version of the ADX & DMI indicator.
The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading.
Here's a quick how-to:
The ADX , despite its name, is a directional index but only represents the strength of the dominant trend, which is marked by the DMIs ( +DMI and -DMI ). To interpret this, a rising ADX signifies that the dominant trend is gaining strength or momentum, while a falling ADX represents the weakening of the dominant trend. My indicator paints the ADX black if it is rising (trend gaining strength) and white if it is falling (trend losing strength). The ADX also has a critical level of 20, which signifies whether or not a trend actually exists. For example, if the ADX is above 20, there is a trend in effect, but if it is below 20 - there is no definite trend in play, even if the price may be rising or falling. On my indicator, the ADX turns grey when it is below 20 to signify the irrelevance of the dominant trend at such points. To better explain this, it does not matter which DMI dominates when the ADX is below 20, as it can be interpreted as a very weak move.
There are two DMIs, represented by +DMI (blue), which represents bullish momentum, and -DMI (red), which represent bearish momentum. If the +DMI dominates the -DMI , a bullish trend is most likely at play, and if the -DMI dominates the +DMI , a bearish trend most likely prevails. The ADX must be considered in this, as a +DMI dominance over -DMI when ADX is below 20 could be interpreted as "chop", with no clear directional signals, while the same dominance on a rising ADX will represent a strong momentum in favor of the dominant DMI.
The aim of the indicator is to identify trend reversals and give signals to newly developing trends. Crossovers are a key element, as they dictate which DMI dominates the playing field.
Additional notes:
1) The strongest possible position you can have is one where the DMIs have a crossover on an ADX that is perking or sloping upwards.
2) You should be exiting your positions at the peak of the ADX , shown by the color changes, as this is often the furthest extent of the dominant trend. Once the ADX tips, the trend weakens and is less likely to see continuation. NOTE: Divergences are possible, where the ADX may be falling, but the dominant trend sees continuation. This simply means that the dominant trend is weakening, but still going.
3) The indicator has green and red bars to show which trend dominates. If the +DMI is above -DMI , the area until the next crossover will be green, while a -DMI dominance over +DMI will show a red area until the crossover.
4) If you have any questions, feel free to reach out and ask me!
Combined Indicator Based Trend Analysis [LY_TR] This indicator is capable of showing possible "BUY" and "SELL" point on trend line. This means you can decide buy/sell decision by looking this indicator. It is based and combined some trend indicators like ADX, DI, Ichimoku and MACDs (with considered UPT and DownT). This indicator is useful for volatile market specially BTC/USD and for other cryptocurrencies.
Bu gösterge muhtemel "AL" ya da "SAT" noktalarını trend durumuyle birlikte gösterir böylece kullanıcıya al/sat konusunda karar vermesine yardımcı olur. Bu gösterge oluşturulurken özellikle ADX, DI, Ichimoku MACD gibi göstergeler biraraya getirilmiştir (Yükseliş - düşüşü dikkate alır). Özellikle kripto para piyasasında BTC/USD pazarında işe yarayabilir.
Combined Indicator Based Trend Analysis [LY_TR] This indicator is capable of showing possible "BUY" and "SELL" point on trend line. This means you can decide buy/sell decision by looking this indicator. It is based and combined some trend indicators like ADX, DI, Ichimoku and MACDs (with considered UPT and DownT). This indicator is useful for volatile market specially BTC/USD and for other cryptocurrencies.
Bu gösterge muhtemel "AL" ya da "SAT" noktalarını trend durumuyle birlikte gösterir böylece kullanıcıya al/sat konusunda karar vermesine yardımcı olur. Bu gösterge oluşturulurken özellikle ADX, DI, Ichimoku, MACD gibi göstergeler biraraya getirilmiştir (Yükseliş ya da düşüşü dikkate alır). Özellikle kripto para piyasasında BTC/USD pazarında işe yarayabilir.
RSI BULL BEAR + ADXlong-signal when crossig the lower threshold
short-signal when crossing the upper threshold
Bryan - Multi Indicator v2Developed as a professional service and published for customer acceptance/verification.
Notes
Ichimoku and ADX combined strategy.
Strategy logic ported to the indicator to allow automation through 3rd party services. (Position management, orders etc)
Long and exit long alert conditions created
Zero-Lag Average Directional Index with DI+ and DI-This average directional index follows the Nyquist Sampling Criterion making showing even better behaviour in high volatility environments than the Ehlers & Ric's "Zero Lag Moving Average".
Applies the same formulae as the moving average at Zero-lag Dürschner Moving Average
From the paper abstract: "The well-known Moving Averages (MA), namely the Simple Moving Average ( SMA ), the Exponential Moving Average ( EMA ) and the Weighted Moving Average ( WMA ), are modified in this paper with the help of the Nyquist Criterion. These modified Moving Averages 3.0 show good smoothing characteristics, illustrate relevant trends and trend reversals in price series without a time lag as far as calculated. With regard to smoothing, trend patterns and time lag bring about a significant improvement on conventional SMA (Moving Averages 1.0: SMA, EMA and WMA ). In addition to this, the efficiency of the Moving Averages 3.0 is demonstrated by applying several tests and a simple trading system."
The Dürschner Moving Average was published at the IFTA 2012 (International Federation of Technical Analysts) Journal, page 27.
Bryan - Multi IndicatorCustom Indicator - Developed for a Backtest-Rookies customer and published for testing and acceptance.
Ichimoku + ADX combined indicator with custom entry criteria and plotting for buy signals.
ADX Endor Bollinger BandsThis is a modified version of ADX , and it has a bollinger bands endorsed. An advantage of the indicator is allowing users to capture short term rise or drop of trend strength, particularly useful for scalping.
There are three modes open to users: ADX, DIPlus and DIMinus. Users can simply choose the indicators in their favor. A breach of the upper bollinger band will be in blue, breaching lower band or inside-the-bands signals are painted in pink.
Hope you will enjoy it. Make sure to follow my trading journal and give a thumb up to this post.
Ultimate Trend Strength Moving AveragesHi , this is lonelygrass. Since the day I joined Tradingview, I decided to challenge myself and to code at least one indicator every single day. Keep grinding, stay focused and everything will pay off.
It is called "Ultimate Trend Strength Moving Averages" .
I have taken several factors to write this moving average indicator, adx ,bar location (above/below the moving average), open v close, to name a few.
It is meant to let users know the current market trend in a timely order. I can say that this will be one of the most practical indicators for intraday, swing and other kinds of trading.
Users can select the sort of moving average they would like to use, such as SMA, EMA, WMA and VWMA, and just change the time span you want to look at! Blue color signalizes an uptrend while pink color signalizes a downtrend. Let's utilize it to its fullest.
Happy trading! Stay tuned!
DepthHouse - ATR BandsDepthHouse ATR Bands works very similar to the well-known Bollinger Bands.
However, these bands are calculated slightly different.
Instead of using the standard deviation formula, ATR Bands determines the size of the bands based on the average range.
How to use:
The bands tighten while the markets’ range becomes lower, and widens as its' range becomes broader. Giving the indicator a loaded spring effect.
A break outside of the bands in either direction usually indicates a breakout.
All 3 bands serve as possible support and/or resistance. Meaning breaks back into the bands could indicate a reversal, or end of the breakout.
This indicator is completely customizable, so compiling multiple sized bands on top of each other may create a strong competitive edge.
This indicator is free until January,1st 2018 – see how to get below
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DepthHouse's ATR Bands is 1 of 3 indicators that will be available for purchase via subscription come Jan 2018.
This indicator package will come with the following 3 indicators:
:: MaxADX ::
::Premium oscillator to help spot forming trends and reversals.
:: MaxADX Signals ::
::Taking MaxADX a step farther by creating an overlay that show possible trend strengthening and reversals via bar colors and shapes.
:: ATRBands ::
::Like Bollinger Bands , this indicator is uses to help spot breakouts, and overbought/sold areas.
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How to get:
To qualify for the trial period which ends January, 1st 2018, please go to the link on my profile and click subscribe!
You will then be sent directions for your account to be added to the whitelist.
If you have already subscribed to one of my previous indicators, you will be added to the list shortly
Likes and comments are so very much appreciated!
DepthHouse - MaxADX LayoverThis indicator takes our MaxADX a step further by giving possible trend change signals.
MaxADX combines directional information and smoothed moving averages to help traders indicate trend reversals and strengthening trends. As you can see in the chart above this indicator makes it very easy to spot trend reversals in trending markets.
How to use MaxADX Oscillator:
The top circles represent the immediate trend. Used as very early indication of trend changes and/or reversals
The solid line just below that represents the general trend direction. Green meaning up white red meaning down.
The histogram below that represents the general trend strength. A change in that indicate a reversal or a breakout in either direction.
The MaxADX Layover:
The layover then calculates three variables above, and determines the possible direction with symbols and/or bar colors which can easily be turned on or off.
Where this indicator falls short unfortunately, is its use in ranging markets.
Which leaves this as a great indicator for all beginners and professionals who prefer to trade in volatile markets such as cryptocurrencies.
This indicator will be free until January,1st 2018 – see how to get below
--
DepthHouse's MaxADX is 1 of 3 indicators that will be available for purchase via subscription come Jan 2018.
This indicator package will come with the following 3 indicators:
:: MaxADX ::
:: Premium oscillator to help spot forming trends and reversals.
:: MaxADX Signals ::
:: Taking MaxADX a step farther by creating an overlay that show possible trend strengthening and reversals via bar colors and shapes.
:: ATRBands ::
:: Like Bollinger Bands , this indicator is uses to help spot breakouts, and overbought/sold areas.
--
How to get:
To qualify for the trial period which ends January, 1st 2018, please go to the link in my bio and click subscribe!
You will then be sent directions for your account to be added to the whitelist.
If you have already subscribed, you will be added to the list shortly.
DMI strategykr.tradingview.com
Time of purchase : After the triangle under the Candle, Buy it if cross Just before the high on the day. and Consider the down trend and Whether the color of the candle is green and lime.
DMI+ADX를 이용한 전략입니다. +DI가 -DI를 상향돌파하면 캔들 아래 삼각형이 생기며 봉 캔들이 그린이면 +DI > -DI 일때이며 진정한 상승은 ADX도 20보다 클때인 형광색 캔들일때 입니다.
매수시점은 당일 즉 블루라인 범위내에서 고점을 캔들아래 삼각형 생기고 캔들색이 그린이나 형광색일때 돌파하면 매수입니다. 그리고 하향추세선이 위에있으면 참고하셔야합니다. 올라갈 공간이 있는지 확인해야합니다.
Range Action Verification Index (RAVI) Backtest The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning prices. The short moving average
comprises 10% of the one and is rounded to seven.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Range Action Verification Index (RAVI) Strategy The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning prices. The short moving average
comprises 10% of the one and is rounded to seven.
WARNING:
- This script to change bars colors.
Trendy ADX DI+ DI- Trend Strength - BonavestTo add this indicator to your charts:
Click the 'Add to Favorite Scripts' button down below this description.
Trendy ADX is a lower indicator that is used to determine strength of trends. The DI+ and DI- lines cross one another depending on the trend direction based on the Length input with the current trend, DI line, being on top or higher.
The ADX line shows the strength of the current trend, with a value over 20 being a trend with growing strength. Trends with ADX less than 20 are said to not be strong enough to be traded as well as if the ADX is less than both the DI+ and DI- even though it is higher than 20.
An added number value that is not a part of the typical ADX/DI indicator is the 'Score'. This is a value that ranges from -3 to +3 including 0. This score allows you to set alerts based on Score and be alerted when a certain level is reached. The Score values are fully configureable in the Input Settings screen.
The Length setting is the only important adjustment for the indicator itself. The 3 suggested values to use are 7, 11 and 20 (default 11).
The Threshold setting is purely for visual adjustment of the yellow dashed line (default 20).
I use this indicator for:
Keeps me in a trade longer to capture long trends
Determining if the current trend has more room to continue
Filter out reversal buy/sell signals if trend is just beginning
My observations in using this indicator is to ignore reversal signals if the ADX line has not crossed above the DI+ or DI- line of the current trend (red/green background). I also expect a small pullback or sideways price action when the ADX line does cross the current trending DI line.
There are 2 Built-In Notifications already created for you and are available by simply right clicking in the indicator area and selecting:
Condition: Trendy ADX
Then 1 of the 2 Alerts:
Trend Direction Change - Score crosses 0 changing to 1 (green/UP) or -1 (red/DOWN)
Trend Strength Change - Score changes in any direction by a value of 1
How to Trade the Average Directinal Index Video: youtu.be
This adaptation was based off of the original code from @MasaNakamura.
