OPEN-SOURCE SCRIPT
Updated Multi Timeframe ADX and DI w/ Alerts
This script is based off the public DMI code and used to get a quick visual of trend and direction across 3 different timeframes. Alert conditions have been setup for trend changes to bull/bear for all 3 timeframes. This script is meant to pull together the concepts of multi-time frame indicators, custom functions, and custom alert conditions.
The primary instructions for this script was to find a version of the ADX Indicator and give it the same treatment as we did with the Heiken Ashi demo (displaying green/red/gray circles to indicate trend and direction) over a configurable time frame. Display a matrix of each timeframe and the corresponding directional color (green=bull, red=bear, gray=non-trending). Have it produce an alert when the state of indicator changes to either bull or bear.
The primary instructions for this script was to find a version of the ADX Indicator and give it the same treatment as we did with the Heiken Ashi demo (displaying green/red/gray circles to indicate trend and direction) over a configurable time frame. Display a matrix of each timeframe and the corresponding directional color (green=bull, red=bear, gray=non-trending). Have it produce an alert when the state of indicator changes to either bull or bear.
Release Notes
Removed links/references to external trading and pine script educational resources I used. Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
All the best. #PMAFTW
Learn: therationalinvestor.com/?discount=Fok7MHYJDi5JHvZD6A4MHej
Connect: linkedin.com/in/thejoshuamcg/
Support via BTC: 38fNVWomAePgeoMCBfeJmdivbdk14LZQNx
Learn: therationalinvestor.com/?discount=Fok7MHYJDi5JHvZD6A4MHej
Connect: linkedin.com/in/thejoshuamcg/
Support via BTC: 38fNVWomAePgeoMCBfeJmdivbdk14LZQNx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
All the best. #PMAFTW
Learn: therationalinvestor.com/?discount=Fok7MHYJDi5JHvZD6A4MHej
Connect: linkedin.com/in/thejoshuamcg/
Support via BTC: 38fNVWomAePgeoMCBfeJmdivbdk14LZQNx
Learn: therationalinvestor.com/?discount=Fok7MHYJDi5JHvZD6A4MHej
Connect: linkedin.com/in/thejoshuamcg/
Support via BTC: 38fNVWomAePgeoMCBfeJmdivbdk14LZQNx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.