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OPEN-SOURCE SCRIPT
Updated

Directional Movement Index

This is a standard ADX DMI indicator with Background colour and the option to draw the Background colour of the next higher timeframe.
Release Notes
Some code improvement.
Signal added
Release Notes
Signal added
Release Notes
Tooltips added and minor changes.
Release Notes
Code updated.
Release Notes
ADX slope background color added.
Release Notes
Script converted to Pine v5.
ramsay09
ADXDMIsignalslopeTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.

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ramsay09

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