ADX & DI with Long + Short Conditions

My version of the ADX & DI Indicator with an extra theshold and adjustable long and short conditions.

A green background (long) will appear when the ADX is rising, the DI+ is falling and the DI+ is below the (new) lower threshold.
A red background (short) will appear when the ADX is rising, the DI- is falling and the DI- is below the (new) lower treshold.

You can adjust the tolerance for the lower threshold in the settings of the indicator.

Release Notes

I have made Linear Regression optional and made more settings adjustable (length and offset)

Added:
- Heikin Ashi calculations (real ones)
- Visual trade and chop zone via background colors
- Updated settings menu

Release Notes

Added:

- ATR calculations on thresholds (1 Hour, 4 Hours or Daily Value)
- Option to change bar color
- Polished up the code a bit

Release Notes

I updated this script to a new version which can be found via clicking the URL below.
Unfortunately TradinView does not allow the deletion of old/obsolete scripts

Please use the following version from now on:

Strength & Directional Movement [CP]

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Coinpocalypse

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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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Coinpocalypse

Also on: