This 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...
- 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...
This 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...
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...
COINBASE: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...
Bar colors based on ADX and DI strength. How to study: ADX is less then 20 (adjustable value) is SILVER (no trend) ADX >0 and DI delta (DI plus - DI minus) is >0 color LIME (trend up) ADX>0 and DI delta <0 color RED (trend down) ADX cross ADX Index ( adx+adx 14 period back)/2 color is BLACK and means start/end of trend Converting the ADX into Bars for ease of...
Simple indicator that keeps track of your thoughts on directional bias from the Monthly Timeframe down to the 1 Hour Timeframe. Features include: Toggle Timeframes On or Off Keep Track Of Up To 10 Currency Pairs At A Time Adjust The Offset From Price So The Indicator Is Out Of The Way
This 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...
Our version of ADX DMI indicator with option to show ADX as histogram or line.
Momentum 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...
Elder-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...
A 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...
Trend Identifier is basically identifies the trend specially during range bound market / choppy market and false breakout . After long bull trend if pink candle/bar starts appearing there is possibility of trend reversal ( bear trend may start or price may consolidate in range until red candle doesn't appear ) vice versa ! Aqua = Strong Bull Trend Yellow = Weak...
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 -...
With this indicator, we seek to find convergence of RSI, Stoch and DMI for purchases or sales. Search Buy when, -Rsi over sold -Stoch over sold -DMI Over sold Search Sell when, -Rsi oon purchased -Stoch on purchased -DMI on purchased Suggested values Rsi: 4 Stoch: 5.1.1 DMI: 10.3 Suggested time, 5M 15M
Candlesticks 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...
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...