Plots the multiple time frame version of the classic ADX-DI indicoator. ADX DI+ and DI- ADX Threshold DI Histogram difference with 2 threshold lookback values For a similar multiple time frame indicator see the following scripts. They both use the historical + projection approach to yield non-repainting indicators. Fisher Transform...
This is a special ADX and DI which includes the following additional functions: cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend cr2- shows a constant background highlight of a trend. ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black...
This is combo strategies for get a cumulative signal. Result signal will return 1 if two strategies is long, -1 if all strategies is short and 0 if signals of strategies is not equal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The...
That line show me if the trend have strength.- Aveaverage directional index plus 23 Strength Line.
Introduction The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods. The Indicator Two lines are plotted, a bull line (blue) representing the bullish/buying force and a bear one (red) representing...
ADX-DMI enhanced & modified for faster reaction ADX (black line) above 80 = mega-trend peaked, reversal imminent, rare case scenario ADX (black line) above 60 = trend topping out, reversal possible, depending on other indicators ADX (black line) above 25 threshold = trend strenghening DMI- (red line) - above 25 - bear trend strenghening DMI+ (green line) -...
Average Directional Movement Index – ADX can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. The ADX is a component of the Directional Movement System developed by Welles Wilder. This indicator on its own does not give you a direction but instead measure the strength of the trend. In general...
This is the standard ADX & DI indicator, but combined in a single line, changing color when a trend changes and changing value when the trend is strong.
This Adx +-Di is just a complete version of what the ADX is supposed to signal. So you have: 15 (contraction), 20 (threshold), 30 (expansion), 40 (resistance) levels. Below 20 the price is not trending Above 30 the price is trending Below 15 price has been in contraction for too long Between 20 and 30 price is in a "transition zone". I finally added a...
The average directional index (ADX) is a technical analysis metric. Analysts use it to determine the relative strength of a trend, with the direction of the trend either upwards or downwards. The Average Directional Index (ADX) along with the Negative Directional Indicator (-DI) and the Positive Directional Indicator (+DI) are momentum strength indicators that...
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)
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).