Marqx

Directional Movement Index Trend

Marqx Updated   
This DMI I modified to see the trend more clearly, and the ADX line changes according to the trend force, which is perfectly configurable, the configuration I left my default configuration, in case you want to modify it because you see the trend in different values, feel free, and basically the columns are the average of DI and also indicate the trend more clearly.

/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

Esse DMI eu modifiquei para ver a tendência com maior clareza, e a linha do ADX ela muda de acordo com a força de tendência, a qual é perfeitamente configurável, a configuração eu deixei a minha configuração padrão, caso você queira modificar porque você vê a tendência em valores diferentes, sinta-se livre, e basicamente as colunas são a média de DI e indicam também com mais clareza a tendência.
Release Notes:
due to a mathematical error that I had not noticed, the DIA formula was completely wrong, it was dividing DI- by 2 instead of the entire equation, which could lead to an error analysis, sorry for that.

///////////////////////

devido a um erro matemático que eu não tinha notado, a formula do DIA estava completamente errada, ela estava dividindo DI- por 2 ao invés da equação inteira, podendo levar uma análise ao erro, desculpa por isso


Special thanks to RedKTrader
Release Notes:
Code Update
  • removed two variables that were used only once, and their values assigned directly in the plot() function

---------------------------------------------------------------------------------

Atualização de Código
  • foi retirado duas variáveis que eram utilizadas apenas uma única vez, e seus valores atribuidos diretamente na função plot()
Release Notes:
  • Code update to version 5
  • Added category separation for easier understanding when configuring settings
  • Code refactored to be easier to understand
Release Notes:
- minor changes on code
Release Notes:
  • The variables were renamed to match with the tradingview style guide recommendations.
  • Minor changes to match with the tradingview style guide recommendations.
  • ADX levels become float instead of integer
  • Input and color variables is now typed
  • It is now possible to paint the DI trend levels, special thanks to MonkeyNo1 for the idea
Release Notes:
  • special thanks to RedKTrader and MonkeyNo1 added in the third line of code
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

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.

Want to use this script on a chart?