Hashem DMI/ADX

This indicator will time Breakouts.

DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.

Can apply same logic for Divergences on DMI+ and DMI- lines.

Release Notes

Added shapes when DMI+ and DMI- crosses.

DMI+ cross Up to the DMI- => UpShape in Aqua
DMI- cross Up to the DMI+ => DownShape in Purple

Release Notes

Code tweaks.
More Shapes.
Styling Update.

Release Notes

Code Tweaks. Styling Update.

Release Notes

Code Update.

USE WITH PURE BLACK BACKGROUND COLOR

Release Notes

Updated to v5 Pinescript.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

rhawshemi

Also on:

Disclaimer

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

rhawshemi

Also on: