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MunifMuhammadShaikh

Alpha ADX DI+/DI- V5 by MUNIF SHAIKH

MunifMuhammadShaikh Updated   
Oscillators Trend Analysis ADX munif munifshaikh alpha
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oscillator trendanalysis adx munif munifshaikh alpha
MODIFIED ADX DI+/DI- V5
Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable.

Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish , but if ADX is below 20, the signal should be disregarded.

The line control represents, if the ADX is greater than the line of 25, the price trend is considered strong
Release Notes:
new table added
Release Notes:
Alerts added.
Open-source script

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