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KondrackiKarl

Directional Movement Index + Average Directional Index

KondrackiKarl Updated   
Average Directional Index (ADX) Directional Movement Index (DMI) DM Indicator Bitcoin (Cryptocurrency) Cryptocurrency BTC BTCUSD xbt XBTUSD Ethereum (Cryptocurrency)
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averagedirectionalindex directionalmovement dm_indicator bitcoin cryptocurrency btc btcusd xbt xbtusd ethereum
Personal DMI and ADX script
ADX color change from positive vs negative momentum
DMI Color fill based on DMI+/- positive momentum
No fill color during lack of momentum
Release Notes:
Testing updating an existing script

Reduced signal line to width value of 1

Personal DMI and ADX script
ADX color change from positive vs negative momentum
DMI Color fill based on DMI+/- positive momentum
No fill color during lack of momentum

snapshot
Release Notes:
Changed colors from Aqua/Fuchsia to Lime/Red
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.

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