Get started

Directional Movement Index (DMI)

Directional Movement Index and ADXDMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX (white/gray line), DI+ (green line), and DI- (orange line). The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger the trend. The ADX line is white when it has a positive slope, otherwise it is gray. The Plus Direction Indicator (DI+) and Minus Direction Indicator (DI-) show the current price direction. When the DI+ is above DI-, the current price momentum is up. When the DI- is above DI+, the current price momentum is down. Trend detection: When the background has a bluish color there is an upward trend, and when the background has a reddish color there is a downward trend. Includes an information panel that shows the current value and trend of some well-known indicators.
Pine Script® indicator
by OskarGallard
6
Reverse DMIThe Reverse DMI is in essence the same DMI or (Directional Movement Index) you all know and love with the addition of two reverse level features, and can be used to assist the end-user in their decision making for entry, exit and risk management. In a nutshell the first feature is a reverse engineered calculation of the +DMI, and -DMI levels, compared to each other, in relation to the current price level as the point of divergence. The second feature is a reverse engineered calculation of the ADX, +DMI, and -DMI levels, compared to the user defined Threshold level, in relation to the current price level as the point of divergence. At a glance this can then be used to determine the closing price level needed in order to cross the +DMI and -DMI, as well as the closing price level needed in order to cross the ADX, +DMI, and -DMI either under or over the user defined Threshold. Optional Settings Include: ------------------------------- 1.) Change the Threshold Levels Right Margin 2.) Show/Hide ADX Exhaustion (will highlight the plot, if condition is met or exceeded) 3.) Show/Hide DMI Crosses (will highlight the background once, if condition is met) 4.) Show/Hide Reverse Levels 5.) Change the Reverse Levels Text Size 6.) Change the Reverse Levels Text Color 7.) Change the Reverse Levels Text Left Margin 8.) Change the Reverse Levels Decimal value 9.) Show/Hide the Reverse Levels Currency
Pine Script® indicator
by lynchs
3
MrBS:Directional Movement Index [Trend Friend]I started this project with the goal of making a DMI/ADX that was easy to read at a glance. Its since become a little more then just colouring the slopes. The majority of the time, the best returns come from trending markets (THE TREND IS YOUR FRIEND... until the end) and I hope this helps people become good friends with the trends. ----- Features - A function to change the values used for calculation from real OHLC and Heikin Ashi. This allows us to look at different chart types but see the specific ADX we choose. Originally HA values were used for calculation since it is easier to see trend on HA charts. However when testing it was not as effective as the ADX calculated from the real values on normal charts. So the default function was flipped and real OHLC values are used as default. - Two ADX plots so we can see two different smoothness's. With a smoothing of 2, a slight slow down in PA can cause a negative slope but the smoother ADX will stay trending unless its a major change. 2nd ADX is slightly transparent. - There is an EMA of the main ADX that can be used as a exit signal filter. If the ADX starts going down but has not crossed the EMA we would stay in a trade. - Plots (excluding EMA) are coloured based on positive or negative slopes. - Fibonacci numbers have been used to create different trend levels, instead of the standard 25, 50, 100. - Alerts for every useful situation to help save time and not have to manually enter levels or crosses each time. - In the code there are 8 EMAs and 3 ADXs but it was too much so they have been slashed out, but are fully functional if you choose to activate and use them. To reactivate the 3rd ADX delete slashes on lines 50, 65, 78, 92-95, 165. The slashed out EMAs are much more obvious and easy to reactivate. Colours: ADX going up = Green ADX going down = Red DMI+ going up = Bright Aqua DMI+ going down = Turquoise / Dark Aqua DMI- going up = Bright Purple DMI- going down = Dark Purple EMA = White (50% transparent) If there is anything that would be useful, let me know and I will add it in. I've already got some improvements/changes planned and some of my notes can be found in the code. There is also a strategy to go with this indicator that will be uploaded very soon.
Pine Script® indicator
by MrBetonBlocks
3
DMI ModifiedThis is a Directional Movement Index (DMI) with a twist, instead of plotting the positive direction of +DI and negative direction for -DI, we subtract the +DI with the -DI on scales of 100 to -100. The result is plotted with a oscillator to identify the current trend. DMI Modified supports multiple moving averages (default is JMA with length of 3). You can disable moving averages smoothing in settings. == About the indicator == The Directional Movement Index, or DMI, is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI) In our case we do not draw the two lines, but the result of the subtraction of the two. == Oscillator Colors == GREEN : Asset is above zero line with a strong up trend. LIGHT GREEN: Asset is above zero line but up trending might be weakening. RED : Asset is below zero line with a strong downtrend. LIGHT RED: Asset is below zero line but down trending might be weakening. == Notes == Can also be used to find divergences. Bar coloring is disabled by default Like if you like and Enjoy! There is an idea to make a new strategy combined with DMI Modified (this script) and another script, hench, Follow.
Pine Script® indicator
by dman103
16
ADX DMI 3x - Dingue- ADX DMI DINGUE - Français (bottom) / English The best baddest - The Ultimate ADX DMI indicator for you to use. Good to clearly see who's in control. Bear Bull Includes : - 3x ADX - 3x DMI - 3 line system which uses DMI calculation and put it in a single line instead of positive / negative. Manual or Auto settings which adjusts length based on time frame used on screen. Color coded for clear direction. Squeeze shows when both sides are close together and this is when the trend might change or keep going. Suggestions are welcome, ask below for any questions. Try my other "DINGUE" indicators. Thanks. ----------------- Français ----------------- Le meilleur, le plus génial - L'ultime indicateur ADX DMI pour votre utilisation Très bon pour voir qui est en contrôle. Inclu : - 3x ADX - 3x DMI - 3 lignes qui remplace les lignes positives négatives du DMI pour une visualisation plus simple. Paramétrage manuel ou automatique qui ajuste les valeurs selon la grandeur de chandelles utilisée à l'écran. Codé avec des couleurs pour une visibilités de la direction claire. Squeeze qui montre quand les 2 côtés sont près l'un de l'autre et quand un changement de contrôle ou une continuation de la tendance se produit. Suggestions appréciées, pour toutes questions, écrire dans les commentaires plus bas. Essayez les autres indicateurs "DINGUE". Merci.
Pine Script® indicator
by CryptoDINGUE
DMI+ADX w/ Slope Colour & Fib LevelsThis is a DMI+ADX with colours based on the slope of the plot, with Fibonacci levels. It makes it easier to see what is happening with a quick glance. I have also added Fib levels as an experiment, but when doing some backtesting they seem to line up reasonably well with past price movements. They can be used to see possible reversal areas, or as thresholds to gauge how strong the trend is. Fibs play a big role in the markets for some reason and I have seen them applied to more than PA with good results, but I know it will not fit into every strategy. The more standard settings for the thresholds are 25,50,75 and you can change them to those if you want, but I suggest taking a look at the Fib version first. The ADX smoothing is set up for Crypto trading on Mid to High TFs. If you are trading sub 1hour charts I would suggest changing it to 3-4. If you are trading traditional markets it is probably a good idea to have it set somewhere between 6-14 (default is 14), but I am not a professional so please do your own testing and research. Colours: ADX going up = Green ADX going down = Red DMI+ going up = Bright Aqua DMI+ going down = Turquoise / Dark Aqua DMI- going up = Bright Purple DMI- going down = Dark Purple (if someone finds a better colour system please let me know as it is tricky to get it looking good without being unicorn puke) This is my first script and I am just beginning to learn PineScript so somethings may have been done in an unorthodox manner but I believe everything is working as it should, however, I am happy to make any improvements. I'm interested in what people think of the Fib levels on this indicator and would love to hear people opinions and results in the comments.
Pine Script® indicator
by MrBetonBlocks
7
Meareverstein (mean-reversion)This script uses basic statistics to exploit mean-reversion conditions in the market. The idea of mean-reversion is similar to stretching an elastic band. After a certain level, the potential energy to snap back to the initial position increases. For the case of the markets, the initial position is the mean price. Entries and exits are clearly represented visually, with TP/SL texts when either is being hit. The default risk-reward ratio is 1.5. The script can be used on most liquid assets (minimal slippage) Refer to "Meareverstein performente" below for the accompanying script that showcases the performance in real time. Data provided will be: Total number of trades, Total returns, and Expectancy.
Pine Script® indicator
by PineConnector
MA+ADX+DMICOINBASE:BTCUSD BINANCE: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.
Pine Script® indicator
by codachang0726
4
SSHSHThis indicator is designed to determine overbought / oversold areas, taking into account the general direction of the trend. It's being considered as an UpTrend while the area is above it's middle value, and also it's being a signal attenuation when the area is above the upper band. Vice versa it's being considered as a DownTrend while the area is below it's middle value, and also it's being a signal attenuation when the area is below the lower band. Each market (stocks, futures, currencies etc.) has it's own individual parameters, properties and characteristics: so it's better to use tuning depending on the timeframe You choose (the bigger the timeframe is - the lower/faster tuning has to be chosen, and vice versa). {PM me in TradingView to arrange subscription access}
Pine Script® indicator
by super-hsh
1
Profit Accumulator Momentum Trend IndicatorMomentum Trend Indicator This is a support indicator to the Main Indicator which has also been published. This indicator uses a modified stochastic trendline and a smoothed momentum line (which combines stochastic, RSI and moving average). This is a centred oscillator from -100 to 100 which makes it easier to track. The stochastic line is the quicker moving line which potentially acts as the first trigger. If the momentum line then begins to follow, then it is an indication that a trade should be made. Long Trades: The Stochastic line is above 25 and the momentum line is greater than -25. Short Trade: The Stochastic line is below -25 and the momentum line is less than 25. Whilst an actual alert function is not set for the indicator, the TradingView alert function can be used to trigger a message when either the stochastic line or momentum line crosses -25/25 (the key levels). I've been using this successfully on the one hour FX charts, but seems to work equally as well on higher or lower time frames (not less than 15min). The other indicators which are part of the suite are shown on the website which is highlighted in my signature at the bottom of the page. Purchase of the main indicator gives access to the full suite of eight indicators. I use the other indicators to confirm the direction of the trade and to determine if I want to trade or not. I use it along with the 2min, 15min and 4hr timeframes to identify the best entry window and how long I'm likely to be in the trade. Support can be provided via private message or in the comments below. The links are provided below for access to the indicator.
Pine Script® indicator
by Mikeo82
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average. As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day. What does this study implements Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by • adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept • providing different options of visualization of the indicator • providing smoothing capability Other Indicators to support/confirm Elder-Ray Indicator: Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where : DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index” different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT” Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic Options of Visualization Bull and Bear Power plotted as two separate • histograms • lines • bands Sum of Bull and Bear Power plotted as single • histogram • line • band Others Price Convergence/Divergence displayed as Line CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend) In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning) Smoothing No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative. 13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs). There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone. In order to go long: 1. The market is in a bull trend, as indicated by the 13-period EMA 2. Bear Power is in negative territory, but increasing 3. The most recent Bull Power top is higher than its prior top 4. Bear Power is going up from a bullish divergence The last two conditions are optional that fine-tune the buying decision In order to go short: 1. The market is in a bear trend, as indicated by the 13-period EMA 2. Bull Power is in positive territory, but falling 3. The most recent Bear Power bottom is lower than its prior bottom 4. Bull Power is falling from a bearish divergence The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential If a trader is willing to add to his/her position, he/she needs to: 1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory 2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory. note : terminology of the definitions used herein are as per TV dictionary Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
56
Up/Down Trend MarkerA simple indicator of trend by using 3 EMAs of multiplies of 2, 5 and 10, filtered by standard positive/negative directional movements (DM) which are the base of Average Directional Index (ADX). The "Trend Strength" option is included to set the EMA multipliers and also the variation between DM+ and DM- which interpret the trend as a weak or a strong one. Note that the markers only point to almost the beginning of the trends and just change the direction when the opposite trend is detected. Feel free to send me your opinions.
Pine Script® indicator
by informanerd
15
[WJ] - ADX v2 [DMI, Alerts, Histogram, Customizable]A handy all-in-one package for DMI and ADX Color-coordinated line for DMI with an EMA and histogram to gauge momentum, mark potential reversals, and quickly gather all the information you need to make your decisions. Quick take-aways: - Color of the ADX line indicates the current trend - An ADX below the EMA indicates a potentially falling/reversing trend - Customizable line w/ alerts for ADX crossovers - Histogram to help catch potential reversals faster, and to gauge the momentum Please let me know what you think, and in any features you think would increase the effectiveness of this amazing tool.
Pine Script® indicator
by woodyjohnson
5
HTF Candlestick Patterns [TradingView] vX by DGTCandlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting. It’s important to note that candlestick patterns aren’t necessarily a buy or sell signal by themselves. They are instead a way to look at market structure and a potential indication of an upcoming opportunity. It is always useful to look at candlestick patterns in context like any other market analysis tool and candlestick patterns are most useful when used in combination with other techniques. There are countless candlestick patterns that traders can use to identify areas of interest on a chart, where some candlestick patterns may provide insights into the balance between buyers and sellers, others may indicate a reversal, continuation, or indecision. Reversal patterns are quite useful when used in context. Reversal patterns should form at the bottom of a downtrend or at the top of an uptrend. Otherwise, they are not a reversal patterns, but continuation patterns. Most reversal patterns require confirmation such as price move in the direction of reversal accompanied by appropriate trading volume. The reversal patterns can further be confirmed through other means of traditional technical analysis—like trend lines, momentum, oscillators, or volume indicators—to reaffirm buying or selling pressure. The patterns themselves do not guarantee that the trend will reverse. Investors should always confirm reversal by the subsequent price action before initiating a trade. This study implements some of the most commonly used candlestick patterns in a context with directional movement indicator. On request users can adjust the strong trend threshold from dialog box, eighter can disabled correlation with directional movement indicator. To add additional sight to analysis the simple moving averages of 20, 50, 100 and 200 periods are added (configurable) You may add additional indicators of your choice. Colored DMI, BB Cloud or Price Distance to its MAs may help Enjoy it! Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd tradingview user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
18
Directional Movement Oscillator (DMI)The DMI Oscillator is a technical indicator which uses values of DMI in order to predict miscellaneous sides of market behavior. Two components of DMI are used in calculation: DI+ and DI-; the DMI oscillator calculates the difference between these components and represents it as both a line and a histogram. According to the rules described by Barbara Star in her article "The DMI Stochastic", the following market conditions can be predicted: When the oscillator is positive and decreasing, a consolidation or pullback might take place. When price is in uptrend and the oscillator is positive but makes lower highs, a bearish divergence might be identified. Conversely, when price is in downtrend and the oscillator is negative but keeps moving up, a bullish divergence might take place. Trend continuation might be identified when the oscillator moves to the zero line and then rebounds from it. In quiet markets, oscillator values fluctuating near the zero line (approx. -10 to +10 range) might signify sideways or rangebound price action.
Pine Script® indicator
by prince_ond
1