OPEN-SOURCE SCRIPT
ADX and DI [AlexKo]
ADX and DI indicator.
Plots +DI, −DI, and ADX to gauge trend strength and direction. DI Length controls the directional movement calculation; ADX Smoothing sets the RMA period for ADX; ADX Threshold draws a reference line for identifying strong-trend regimes. A rising ADX indicates strengthening trend; +DI above −DI suggests bullish momentum, and vice versa.
Plots +DI, −DI, and ADX to gauge trend strength and direction. DI Length controls the directional movement calculation; ADX Smoothing sets the RMA period for ADX; ADX Threshold draws a reference line for identifying strong-trend regimes. A rising ADX indicates strengthening trend; +DI above −DI suggests bullish momentum, and vice versa.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.