My version of the ADX & DI Indicator with an extra theshold and adjustable long and short conditions.
A green background (long) will appear when the ADX is rising, the DI+ is falling and the DI+ is below the (new) lower threshold. A red background (short) will appear when the ADX is rising, the DI- is falling and the DI- is below the (new) lower treshold.
You can adjust the tolerance for the lower threshold in the settings of the indicator.
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I have made Linear Regression optional and made more settings adjustable (length and offset)
Added: - Heikin Ashi calculations (real ones) - Visual trade and chop zone via background colors - Updated settings menu
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Added:
- ATR calculations on thresholds (1 Hour, 4 Hours or Daily Value) - Option to change bar color - Polished up the code a bit
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I updated this script to a new version which can be found via clicking the URL below. Unfortunately TradinView does not allow the deletion of old/obsolete scripts