It is an indicator that makes it easy to understand the change of ADX by adding a moving average to the famous indicator ADX.
Since ADX and DI have a part where the calculation formula of DI + and DI- is fixed to one bar, there was a problem that it does not make much sense to increase the length.
The biggest feature of this indicator is that it allows you to...
this scans 20 tickers for my low dm indication. Telegram alerting included, and It is configured with all Binance leveraged tokens by default. For my shitcoining moonbros on CZ ;)
So I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here .
The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double...
This script is changed from the classic DMI.
I add 4 colors and setup two alerts as well.
- +DI cross up -DI is a long signal
- +DI cross down -DI is a short signal
- ADX keeps increasing means strong trend
- ADX keeps decreasing means swing
This indicator is a variation of the default DMI indicator, the main difference being that the signals are smoothed by SMAs.
It also has additional bullish (green) and bearish (red) background coloring which would be noisy on a standard DMI indicator.
If both lines converge it is bullish, otherwise bearish.
Increase / decrease the threshold should you want more...
Indicator that generates BUY and SELL shapes with alerts.
OSC scale can be configured to visualize the oscillator better. Nothing required, just for visualization.
DMI mark is by default 10 which is fine for most situations.
DMI range is the buffer zone where BUY orders will be created. E.g.: DMI mark 10 and DMI range 1 will create a zone for BUY when DMI+ is...
DMI (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...
Stochastic and ADX (not plotted) DI positive and negative combined.
This is done to remove the lines of DI +/- and make chart cleaner with just single point plot showing DI crossing.
DI + above DI - = Green dot shown (bullish signal)
DI + below DI - = Red X-cross shown (bearish signal)
Enjoy!
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.
The 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...
This is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend...
This goes with my MrBS:DMI+ indicator. I originally combined them into one, but then you cannot set alerts based on what the ADX and DMI is doing, only strategy alerts, so separate ones have more flexibility and uses.
Indicator Version is found under "MrBS:Directional Movement Index " ()
//// THE IDEA
The majority of profits made in the market come from...
As promised a strategy of my DMI Modified indicator! (See link below for indicator).
=== How does it work? ===
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...
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...
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...
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.
This script allows you to set the beginning & end time to test the bullish & bearish market.
If you want an indicator version, here is it.
Thanks.
![BTCUSD: [kai]ADX](https://s3.tradingview.com/4/4KRoOSnc_mid.png "[kai]ADX")
![BTCUSD: MrBS:Directional Movement Index [Trend Friend Strategy]](https://s3.tradingview.com/4/4ZFO5uqm_mid.png "MrBS:Directional Movement Index [Trend Friend Strategy]")
![BTCUSDT: MrBS:Directional Movement Index [Trend Friend]](https://s3.tradingview.com/e/EmnHZno9_mid.png "MrBS:Directional Movement Index [Trend Friend]")
