Edit of the popular script by @TraderR0BERT New features: - horizontal colored areas, indication weak/medium/strong trend - vertical bars, signaling trend/momentum changes - DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)
It’s a method/study to find trending stocks and cryptocurrencies using two different periods (14, 5) ADX Overlap with a MACD Filter. The MACD filter may or may not be used. Green shadow implies Trending Uptrend Red shadow implies Trending Downward I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time...
It’s a method/study to find trending stocks/cryptocurrencies which uses two different periods (14, 5) ADX Overlap with a MACD Filter. The MACD filter may or may not be used. More Details will follow as time permits. Please let me know if I am missing anything….. Legal Disclaimer: I am not bribed to write here and I am not seeking insider favors. I wrote here so...
An easier to read implementation of ADX and DI, with colour indicating direction of trend, oscillator indicating strength of trend, and below threshold shown with a lack of colour (black).
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum the indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines a threshold mask can be shown or omitted as...
Another script based on Linda Raschke's strategy with the same name from her book about swing trading.
This indicator converts conventional triple lined ADX, DI+ and DI- into two lines. First line is the original ADX line and second line is obtained by subtracting DI- from DI+ which named DI Spread(DIS) If ADX is greater than 20 there is a trend and if greater than 40 there is a strong trend but ADX does not tell the trend direction To determine trend direction,...
Version 2 added support for MTF, to see the trend direction on the lower or higher timeframe. As an example to see the difference, the indicator is added three times, one time for the current TF, one set at the higher and one at the lower TF. Cudo's to Chris Moody for the MTF-switching-code!! JD.
This indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum. The indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler...
This indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro The indicator gives a multiplication of ADX and the DI+ and DI- values, color coded for bullish or bearish momentum. The indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler...
So... the popular version of "ADX and DI" shown on tradingview by masanakamura uses some wacky and incorrect formula for DI and uses SMA instead of the Wilder's MA that ADX/DI is supposed to use, and doesn't give the correct ADX and DI values. The Tradingview "Average Directional Index" uses the correct calculation but doesn't show DI+ and DI-. So, here it is with...
long-signal when crossig the lower threshold short-signal when crossing the upper threshold
The indicator represents the relative convergence/divergence of the moving averages of the financial asset, increased a hundred times. It is based on a different principle than the ADX. Chande suggests a 13-week SMA as the basis for the indicator. It represents the quarterly (3 months = 65 working days) sentiments of the market participants concerning...
The indicator represents the relative convergence/divergence of the moving averages of the financial asset, increased a hundred times. It is based on a different principle than the ADX. Chande suggests a 13-week SMA as the basis for the indicator. It represents the quarterly (3 months = 65 working days) sentiments of the market participants concerning...
This indicator combines two separate Simple RSI indicators so you can show different periods together, as well as an ADX indicator with DI+ and DI-. I prefer to use one indicator to show the whole thing, instead of stacking the individual indicators.
I'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5. I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still...
MTAM_ADX__Time frame 2 min,5 ,15,45,120,Daily
Here you get a script with the rules for "Glory Hole"-Strategy from Linda Raschke. In Addition, I choose the SMA - not the EMA for this script. MY RECOMMONDATION: If you get a trade Signal, then set an sell- oder buy-order on the high or low. If the next bar doesn't touch into the trade, then delete your order. Have fun and good look.