[astropark] DMI/ADX strategy [strategy]

Oct 29, 2020

Dear Followers,

today I'm happy to share with you my DMI / ADX Strategy.
It provides directional trend information, so if a bullish or a bearish trend is going to start. Statistically it works better on lower timeframes (from 5 minutes to 1 hour).
It is both a Swing and Scalping Strategy indicator, based on a simple trend following theory, good for trading FOREX, Indexes, Stocks, Commodities and Cryptocurrencies.

To help in Taking Profits, the strategy integrates 2 special other than bull/bear signals:

• Overbought and Oversold RSI Signals, which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition) (you can enable/disable it optionally)
  
• Peak Profit Tracker, which resets every time a new trade starts and keeps track of price fluctuation during the trade: the message is don't be too greedy and take profits or lock them with a stoploss in profit (you can enable/disable it optionally)
  

You can edit many options in order to

• have more/less bull/bear signals
  
• enable/disable showing bull/bear signals
  
• enable/disable showing RSI TP signals (you can edit RSI length, overbought (OB) and oversold (OS) levels)
  
• enable/disable showing peak profits on each trade
  

The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy.
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management.

This script will let you backtest performance of the indicator based on bear/bull signals.
You can find the alarms version by searching for my DMI / ADX Strategy and choosing the "alarms" named.

Here there are some examples how this DMI / ADX strategy works on many markets:

LTC/USDT 15m


BTC/USD 15m


BNB/BTC 15m


ETH/USD 15m


GOLD (XAU/USD) 15m


GOLD (XAU/USD) 1h


FB 15m


AAPL 15m


TSLA 1h


BANKNIFTY Index 5m


NIFTY 50 Index 5m



This is a premium indicator, so send me a private message in order to get access to this script.