The Directional Movement Hann Window Indicator was created by John Ehlers (Stocks and Commodities Dec 2021 pgs 17-18) and this is his updated version of the classic Directional Movement indicator created by J. Welles Wilder. Ehlers uses the Hann Window Filtering after using an exponential moving average to smooth the classic directional movement indicator. This...
For quicker and easier interpretation, ADX line is displayed in a heatmap style. The more absolute difference between both DIs, the more intense the color. Because some people use 20 ADX reference and others use 25 ADX reference to confirm the trend, I just add both as reference lines in a 'golden box' Additionally, reference lines were added with default values...
My interpretation of John Carter's popular Simpler Trading 10X Bars indicator. Now you can see directional market strength for a variety of key futures , indices and industry groups for quick comparison with individual stocks. Momentum is displayed to quickly see the quality and strength of a trend based on a calculation of the Directional Movement Index (DMI)....
My interpretation of John Carter's popular Simpler Trading 10X Bars indicator. Momentum is displayed to quickly see the quality and strength of a trend based on a calculation of the Directional Movement Index (DMI). The DMI is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The DMI is...
// Identify potential trend reversals using ADX on up to 40 crypto assets. // ADX shows the strength of a trend, not the direction. // By monitoring the difference of ADX values between candles, you can potentially identify reversals before they happen. // A strong trend has a 14 period ADX slope increasing .5 or more from the prior candle. // At a minimum, a weak...
Better visuals for the ADX/DMI technical indicator. I filled the DI+ and DI- with color to easily track the trend. Also, I added shapes (+) / (x) once the DI+ and DI- crossover each other. You can also set two horizontal lines so you can easily track where the ADX value is at.
Hello Traders, This indicator uses two indicators st dev extremes and DMI extremes and visualize intersection of both indicators extreme zones using crosses. It means where cross is rendered intersection of extremes has occurred. The standard deviation uses the same calculation as my Standard deviation zones Support & Resistance indicator, DMI indicator measures...
This case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type...
Oscillator for DMI, it allows you to see the difference in percentage with the different DMI lines, positive and negative and it's strength.
Moving Average Convergence Divergence – MACD The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of...
Through the DMI Trade Zone you can find safe areas to trade in the Spot market. The logic behind the indicator is: - If the Positive Directional Movement (+DI) is greater than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be green with an opaque white background. - If the Positive Directional Movement (+DI) is less...
Basically, when the background is: White = no defined direction Light blue = up. Dark blue = well defined up Light red = down Dark red = well defined down Blue/red centered circle = change of direction Red circle on top = possible short entry Blue circle at the bottom = possible long entry //Português Basicamente, quando o fundo é: Branco = sem direção...
This case study is based on different previous studies: ADX Triple , MACD Triple & RSI Triple , with three different counts to compare different oscillations of each indicator. Actually, this indicator is complementary to those previously mentioned . The use of this indicator is restricted to private use, and it can be used only by invitation. Different...
What does it do? Used for calling your attention to rally price trend with a more suitable color and arrows that allow you to see the delailed movement without needing to zoom the indicator. How does it work? Works the exact same way as the ordinary DMI, but with arrows that signals the direction of each DMI line and a right side bar signal for each of these...
Directional Movement Indicator: +DI and -DI I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not. +DI crossover to -DI barcolor is Aqua, if not bar color is Red. It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI...
This case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any...
The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels . This is interpreted as price is compressing and building up energy...
So I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here . The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double...