DMI with Oversold/Overbought marking

6 thg 3, 2021

Modification of original DMI indicator, simply marking background in case of finding Overbought or Oversold levels - this happens when ADX is above both DI+ and DI- values.

6 thg 3, 2021

Phát hành các Ghi chú

• color background is more detailed and now divide signals between Oversold and Overbought
  

9 thg 3, 2021

Phát hành các Ghi chú

Additional Information:

- Background of DMI indicator is being colored when it Oversold or Overbought conditions are met - it happens when ADX is above both DI+ and DI- lines
- script together with Stoch and OBV is working very well as additional confluence when taking trades; Stoch is additional oversold/overbought indicator that can be checked together with DMI + OBV is showing also potential reversals via Divergences