MA+ADX+DMI — Indicator by codachang0726

averagedirectionalindex directionalmovement simplemovingaverage btc

BTCUSD

BTCUSDT

Use long and short moving average to look for a potential price in/out. (default as 14 and 7, bases on the history experience)
ADX and DMI to prevent the small volatility and tangling MA.

Test it in 4HR, "BINANCE:BTCUSDT"

From 12/1/2017- 11/1/2020 (Mixed Bull/Bear market)
Overall Profit:　560.89%

From 1/1/2018 - 1/1/2019 (Bear market)
Overall Profit:　-2.19%

From 4/1/2020 - 11/1/2020 (Bull Market)
Overall Profit: 274.74%

Any suggestion is welcome to discuss.

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

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