OPEN-SOURCE SCRIPT

ADX-DI trend indication - JD

8854
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 visual way than the normal ADX-DI lines.

A threshold mask and the actual DI-lines kan be shown or omitted as preferred

JD.

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