OPEN-SOURCE SCRIPT

DIOSC indicator

Updated
The Diosc indicator based on DMI is the combined version of -DI and +DI. While +DI is above (the trend is up), +DI is used and in the other case -DI is used. In addition, 9-day EMA was added to the graph so that sell/buy points could be seen on the histogram. Both sell/buy points and divergence/convergence can be followed on the graph.

[Turkish] Temeli DMI üzerine kurulmuş Diosc göstergesi -DI ve +DI'ın birleştirilmiş halidir. Temel mantığı +DI yukarıda iken yani trend yukarı iken +DI, diğer durumda da -DI göz önüne alınarak grafik oluşturulmuştur. Ek olarak Al-Sat noktalarının histogram üzerinde görülebilmesi için de grafiğe 9 günlük EMA eklenmiştir. Grafik üzerinde hem Al-Sat noktaları takip edilebilir hem de uyuşmazlıklar takip edilebilir.
Release Notes
upgraded to v4
dioscdirectionalmovementindexDMIlonesometheblueMoving AveragesOscillatorsTrend 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 publication is governed by House rules. You can favorite it to use it on a chart.

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