ADX-DI trend indication - JD — Indicator by Duyck

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.

Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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