In this script, you can get a clear indication about the momentum
Legend:
* Green Line --> %K (Current closing price relative to the range of closing prices in the last 14 days
* Red Line --> %D moving average of %K
* Area color at bottom --> %K/%D ratio
* Red downward arrow --> indication for downward trend
* Green upward arrow --> indication for upward...
In this Script, you can get a clear indication about the trend strength and trend direction.
Legend:
Green Line --> DI+ (Positive)
Red Line --> DI- (Negative)
Black Line --> ADX
How to read this indicator:
1. When DI+ is above DI-, it means there is upward trend
2. When DI+ is below DI-, it means there is downward trend
3. When ADX is below 20, there is...