Tìm kiếm tập lệnh với "adx"
ADX Trend FilterADX Trend Filter Indicator is a traditional ADX indicator with a different presentation. its consist of two indicators EMA TREND and ADX / DMI
About Indicator:
1. BAND / EMA band to represent EMA Trend of EMA-12 and EMA-50
(Band is plotted at level-20 which is the Threshold level of DMI / ADX indicator)
2. Histogram showing the direction of ADX / DMI trend
3. Area behind the histogram showing ADX/DMI strength
How to use?
1. Histogram represents current Trend Red for Bearish / Green for Bullish
2. Area behind the histogram represents Strength of ADX / DMI Threshold level is 0-20(represented as band). (Area below the Band is Sideways)
3. Band represents the current MA Trend.
4. Buy Sell signals are plotted as triangles in red/green obtained from ADX / DMI Crossovers
Buy Signal (Green Triangle on band- ADX Crossover)
1.Band below Histogram must be Green
2.Histogram must be green
3.Area behind histogram must be above the lower trend band (20level) and visible
Sell Signal (Red Triangle on band- ADX Crossover)
1.Band below Histogram must be Red
2.Histogram must be Red
3.Area behind histogram must be above the lower trend band (20level) and visible
Alerts provided for ADX crossovers.
ADX Color Easy [Dravya]Script #1
So,
here is my first script.
This is the normal 14 period ADX,
but with a color twist, to make it extremely easy on eyes.
and then,
easily spot the strength.
ADX, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.
How to use this script ?
1. We don't trade when ADX is in the red zone (0-20)
2. We get ready for trading when it enters the blue zone (20-30)
3. We trade when the ADX enters the green zone (>30)
Simple, right !
Now, in the green zone,
in which direction you should trade?
Here are a few links, to help you use ADX as a strategy ,
www.tradingsetupsreview.com
www.babypips.com
Other than this, you can combine this with your own strategies.
Personally, I like to use it on stocks on 1H timeframe.
Thanks.
Would love to hear from you.
Please like it to support the project,
and help spread it.
ADX Strategy (original)ADX Strategy
Description:
Generates a long entry signal when the Average Directional Index (ADX) value is greater than the trendlevel and the close is greater than the filter value, and/or generates a short entry signal when the ADX value is greater than the trendlevel and the close is less than the filter value.
The Average Directional Index evaluates the strength of a current trend. The ADX is an oscillator that fluctuates between 0 and 100. Values below 20 indicate a weak trend, values above 40 indicate a strong trend. The direction of the trend is not measured by this indicator.
As usual, the script features signal filtering/generation and a rough estimate of its performance.
ADX + Volume Strategy### Strategy Description: ADX and Volume-Based Trading Strategy
This strategy is designed to identify strong market trends using the **Average Directional Index (ADX)** and confirm trading signals with **Volume**. The idea behind the strategy is to enter trades only when the market shows a strong trend (as indicated by ADX) and when the price movement is supported by high trading volume. This combination helps filter out weaker signals and provides more reliable entries into positions.
### Key Indicators:
1. **ADX (Average Directional Index)**:
- **Purpose**: ADX is a technical indicator that measures the strength of a trend, regardless of its direction (up or down).
- **Usage**: The strategy uses ADX to determine whether the market is trending strongly. If ADX is above a certain threshold (default is 25), it indicates that a strong trend is present.
- **Directional Indicators**:
- **DI+ (Directional Indicator Plus)**: Indicates the strength of the upward price movement.
- **DI- (Directional Indicator Minus)**: Indicates the strength of the downward price movement.
- ADX does not indicate the direction of the trend but confirms that a trend exists. DI+ and DI- are used to determine the direction.
2. **Volume**:
- **Purpose**: Volume is a key indicator for confirming the strength of a price movement. High volume suggests that a large number of market participants are supporting the movement, making it more likely to continue.
- **Usage**: The strategy compares the current volume to the 20-period moving average of the volume. The trade signal is confirmed if the current volume is greater than the average volume by a specified **Volume Multiplier** (default multiplier is 1.5). This ensures that the trade is supported by strong market participation.
### Strategy Logic:
#### **Entry Conditions:**
1. **Long Position** (Buy):
- **ADX** is above the threshold (default is 25), indicating a strong trend.
- **DI+ > DI-**, signaling that the market is trending upward.
- The **current volume** is greater than the 20-period average volume multiplied by the **Volume Multiplier** (e.g., 1.5), indicating that the upward price movement is backed by sufficient market activity.
2. **Short Position** (Sell):
- **ADX** is above the threshold (default is 25), indicating a strong trend.
- **DI- > DI+**, signaling that the market is trending downward.
- The **current volume** is greater than the 20-period average volume multiplied by the **Volume Multiplier** (e.g., 1.5), indicating that the downward price movement is backed by strong selling activity.
#### **Exit Conditions**:
- Positions are closed when the opposite signal appears:
- **For long positions**: Close when the short conditions are met (ADX still above the threshold, DI- > DI+, and the volume condition holds).
- **For short positions**: Close when the long conditions are met (ADX still above the threshold, DI+ > DI-, and the volume condition holds).
### Parameters:
- **ADX Period**: The period used to calculate ADX (default is 14). This controls how sensitive the ADX is to price movements.
- **ADX Threshold**: The minimum ADX value required for the strategy to consider the market trend as strong (default is 25). Higher values focus on stronger trends.
- **Volume Multiplier**: This parameter adjusts how much higher the current volume needs to be compared to the 20-period moving average for the signal to be valid. A value of 1.5 means the current volume must be 50% higher than the average volume.
### Example Trade Flow:
1. **Long Trade Example**:
- ADX > 25, confirming a strong trend.
- DI+ > DI-, confirming that the trend direction is upward.
- The current volume is 50% higher than the 20-period average volume (multiplied by 1.5).
- **Action**: Enter a long position.
2. **Short Trade Example**:
- ADX > 25, confirming a strong trend.
- DI- > DI+, confirming that the trend direction is downward.
- The current volume is 50% higher than the 20-period average volume.
- **Action**: Enter a short position.
### Strengths of the Strategy:
- **Trend Filtering**: The strategy ensures that trades are only taken when the market is trending strongly (confirmed by ADX) and that the price movement is supported by high volume, reducing the likelihood of false signals.
- **Volume Confirmation**: Using volume as confirmation provides an additional layer of reliability, as volume spikes often accompany sustained price moves.
- **Dual Signal Confirmation**: Both trend strength (ADX) and volume conditions must be met for a trade, making the strategy more robust.
### Weaknesses of the Strategy:
- **Limited Effectiveness in Range-Bound Markets**: Since the strategy relies on strong trends, it may underperform in sideways or non-trending markets where ADX stays below the threshold.
- **Lagging Nature of ADX**: ADX is a lagging indicator, which means that it may confirm the trend after it has already begun, potentially leading to late entries.
- **Volume Requirement**: In low-volume markets, the volume multiplier condition may not be met often, leading to fewer trade opportunities.
### Customization:
- **Adjust the ADX Threshold**: You can raise the threshold if you want to focus only on very strong trends, or lower it to capture moderate trends.
- **Adjust the Volume Multiplier**: You can change the multiplier to be more or less strict. A higher multiplier (e.g., 2.0) will require a stronger volume spike to confirm the signal, while a lower multiplier (e.g., 1.2) will allow more trades with weaker volume confirmation.
### Summary:
This ADX and Volume strategy is ideal for traders who want to follow strong trends while ensuring that the trend is supported by high trading volume. By combining a trend strength filter (ADX) and volume confirmation, the strategy aims to increase the probability of entering profitable trades while reducing the number of false signals. However, it may underperform in range-bound markets or in markets with low volume.
Advanced ADX [CryptoSea]The Advanced ADX Analysis is a sophisticated tool designed to enhance market analysis through detailed ADX calculations. This tool is built for traders who seek to identify market trends, strength, and potential reversals with higher accuracy. By leveraging the Average Directional Index (ADX), Directional Indicator Plus (DI+), and Directional Indicator Minus (DI-), this indicator offers a comprehensive view of market dynamics.
New Overlay Feature: This script uses the new 'force overlay' feature which lets you plot on the chart as well as plotting in an oscillator pane at the same time.
force_overlay=true
Key Features
Comprehensive ADX Tracking: Tracks ADX values along with DI+ and DI- to provide a complete view of market trend strength and direction. The ADX measures the strength of the trend, while DI+ and DI- indicate the trend direction. This combined analysis helps traders identify strong and weak trends with precision.
Trend Duration Monitoring: Monitors the duration of strong and weak trends, offering insights into trend persistence and potential reversals. By keeping track of how long the ADX has been above or below a certain threshold, traders can gauge the sustainability of the current trend.
Customizable Alerts: Features multiple alert options for strong trends, weak trends, and DI crossovers, ensuring traders are notified of significant market events. These alerts can be tailored to notify traders when certain conditions are met, such as when the ADX crosses a threshold or when DI+ crosses DI-.
Adaptive Display Options: Includes customizable background color settings and extended statistics display for in-depth market analysis. Users can choose to highlight strong or weak trends on the chart background, making it easier to visualize market conditions at a glance.
In the example below, we have a bullish scenario play out where the DI+ has been above the DI- for 11 candles and our dashboard shows the average is 10.48 candles. With the ADX above its threshold this would be a bullish signal.
This ended up in a 20%+ move to the upside. The dashboard will help point out things to consider when looking to exit the position, the DI+ getting close to the max DI+ duration would be a sign that momentum is weakening and that price may cool off or even reverse.
How it Works
ADX Calculation: Computes the ADX, DI+, and DI- values using a user-defined period. The ADX is derived from the smoothed average of the absolute difference between DI+ and DI-. This calculation helps determine the strength of a trend without considering its direction.
Trend Duration Analysis: Tracks and calculates the duration of strong and weak trends, as well as DI+ and DI- durations. This analysis provides a detailed view of how long a trend has been in place, helping traders assess the reliability of the trend.
Alert System: Provides a robust alert system that triggers notifications for strong trends, weak trends, and DI crossovers. The alerts are based on specific conditions such as the duration of the trend or the crossover of directional indicators, ensuring traders are informed about critical market movements.
Visual Enhancements: Utilizes color gradients and background settings to visually represent trend strength and duration. This feature enhances the visual analysis of trends, making it easier for traders to identify significant market changes at a glance.
In the example below, we see the ADX weakening after we have just had a move up, if you are looking to get into this position you want to see the ADX growing with either the DI+ or DI- breaking their average durations.
As you can see below, although the ADX manages to move above the threshold, there are no DI+/- breaks which is shown by price moving sideways. Not something most traders would be interested in.
Application
Strategic Decision-Making: Assists traders in making informed decisions by providing detailed analysis of ADX movements and trend durations. By understanding the strength and direction of trends, traders can better time their entries and exits.
Trend Confirmation: Reinforces trading strategies by confirming potential reversals and trend strength through ADX and DI analysis. This confirmation helps traders validate their trading signals, reducing the risk of false signals.
Customized Analysis: Adapts to various trading styles with extensive input settings that control the display and sensitivity of trend data. Traders can customize the indicator to suit their specific needs, making it a versatile tool for different trading strategies.
The Advanced ADX Analysis by is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively. With its comprehensive tracking, alert system, and customizable display options, this indicator provides traders with the tools they need to stay ahead of the market.
ADX Divergence IndicatorDescription:
The ADX Divergence Indicator (ADXDI) is a technical analysis tool designed to identify potential bullish and bearish signals based on the Average Directional Index (ADX), the Positive Directional Indicator (+DI), and the Negative Directional Indicator (-DI) lines. This overlay indicator plots circles on the chart to highlight these signals.
How it Works:
The ADXDI calculates the ADX, +DI, and -DI values using user-defined parameters. It then evaluates specific conditions to determine potential bullish and bearish signals. The indicator considers rising and falling trends of the +DI and -DI lines, as well as changes in the ADX values. Additionally, it detects a bounce condition when the current ADX is less than the previous ADX value and that ADX value is higher than the one previous to it.
Usage:
To effectively utilize the ADX Divergence Indicator, follow these steps:
1. Apply the ADX Divergence Indicator to your chart by adding it from the available indicators.
2. Observe the circles plotted on the chart:
- Bullish circles (green by default) indicate potential bullish signals.
- Bearish circles (red by default) indicate potential bearish signals.
4. Interpret the signals provided by the indicator:
- A bullish signal occurs when the +DI line rises and the -DI line falls.
- A bearish signal occurs when the -DI line rises and the +DI line falls.
- The presence of a bounce condition (ADX < ADX and ADX > ADX) further strengthens the signal.
5. Combine the signals from the ADX Signals indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups.
6. Customize the indicator's parameters, such as the lengths of the DI and ADX calculations or the colors of the plotted circles, to suit your trading preferences.
7. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
ADX Screener// Identify potential trend reversals using ADX on up to 40 crypto assets.
// ADX shows the strength of a trend, not the direction.
// By monitoring the difference of ADX values between candles, you can potentially identify reversals before they happen.
// A strong trend has a 14 period ADX slope increasing .5 or more from the prior candle.
// At a minimum, a weak trend has a 14 period ADX slope of +.25 or less, and strictly it would be decreasing.
// This indicator prints one row for each asset with three columns for ADX differences one candle back each.
// The asset name is colored green or red dependent on whether +DI > -DI or not.
The market was in a down trend (-DI > +DI).
A bullish wave moved price up to EMA 8 resistance with strong ADX momentum (ADX diff of prior candle >= 0.5).
A Spinning Top showed that the trend was losing momentum (ADX diff lower than previous candle, showed the bullish wave losing momentum).
A Morning Star bearish reversal pattern draws resistance at the high of the pattern. (ADX Bullish momentum exhausted).
Symbol: -DI > +DI
2: Strong momentum
1: Losing momentum (spinning top)
0: Trend reversal (bearish engulfing pattern)
ADX strategy (considering ADX and +DI only )I have been checking the strategies on ADX indicator.
I have found that +DI crossing above ADX line under threshold 30 and exit on crossdown when ADX above 30 has better results than just following crossovers of +DI and -DI , ADX crossing above 30 .
BUY Rule
========
fast ema is above slow ema (default 13 and 55 , you can change these values in settings)
+DI cross above ADX well beloe threshold level (default 30)
Exit reule
========
when +DI cross down ADX , well above on threshold level
Stop Loss
=========
Default is set to 8%
Take a look and let me know how your symbol works with this strategy
Note : Bar color changes to yellow when the BUY condition is met.
Bar color and Background color shows to blue --- if Long position is active
fast ema and long ema doesnt print on the chart -- please add manually to the chart
Warning : for the use of educational purposes only
ADX + DI x Upgraded to Pine v4 x KingThiesAverage Directional Movement Index
Momentum based tool to measure trend strength on scale of 1-100
Similar to the aroon but incorporates a 3rd measure, while aroon uses two
The majority of these calculations were pre-existing in older pine scripts but have since been updated
signals are given when -DI and +DI cross, ADX illustrates corresponding strength at time of cross
Full Intro
ADX can help investors to identify trend strengths, as di - di determines the trend direction, while d - d is an impulse indicator. If the ADX is below 20, it can be considered impulsive, while it is above 25 on a trend line.
A trading signal can be generated when the di - DI line is switched to d - d and vice versa. If the di-line crosses and the ADX is above 20 (ideally 25), a potential buy signal could ebb away.
If the ADX is above 20, there is the possibility of potential short selling if the DI crosses over DI. You can also use crosses to get out of the current deal if you need it for a long time.
If the di-line is crossed and the Adx is below 20 (or 25), there may be opportunities to enter the potential for short trading, but only if di are above or below DI or if the price is trendy and may not prove to be the ideal time to start trading.
ADX Momentum Shaded CandlesDescription:
The "ADX Momentum Shaded Candles" indicator (ADXMSC) is an overlay indicator that enhances candlestick charts by adding shading based on the momentum derived from the Average Directional Index (ADX). This indicator provides visual cues about the strength of bullish and bearish momentum by adjusting the transparency of the candlesticks.
How it Works:
The indicator utilizes the ADX indicator to calculate the values of +DI (Directional Indicator Plus) and -DI (Directional Indicator Minus) based on user-defined parameters. It then determines the transparency levels for the bullish and bearish candlesticks based on the calculated values of +DI and -DI. Higher values of +DI or -DI result in lower transparency levels, while lower values increase transparency.
Transparency Calculation:
The transparency of the bullish and bearish candlesticks is adjusted based on the values of +DI and -DI, which reflect the momentum of the price movement. Transparency is inversely proportional to these values, with higher values resulting in lower transparency. To calculate transparency, the indicator uses the formula 100 minus the value of +DI or -DI multiplied by 2. This ensures that higher values of +DI or -DI produce more opaque candlesticks.
Usage:
To effectively use the "ADX Momentum Shaded Candles" indicator (ADXMSC), follow these steps:
1. Apply the indicator to your chart by adding it from the available indicators.
2. Observe the candlesticks on the chart:
- Bullish candlesticks are represented by the original bullish color with adjusted transparency.
- Bearish candlesticks are represented by the original bearish color with adjusted transparency.
3. Analyze the transparency levels of the candlesticks to assess the strength of bullish and bearish momentum. Less transparent candlesticks indicate stronger momentum, while more transparent ones suggest weaker momentum.
4. Combine the visual information from the shaded candlesticks with other technical analysis tools, such as support and resistance levels, trend lines, or oscillators, to confirm potential trade opportunities.
5. Customize the indicator's parameters, such as the ADX length and smoothing, to suit your trading preferences.
6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital.
adx: Configurable ADX (library) Library "adx"
Calculate ADX (and its constituent parts +DI, -DI, ATR),
using different moving averages and periods.
adx(atrMA, diMA, adxMA, atrLen, diLen, adxLen, h, l, c)
Parameters:
atrMA : Moving Average used for calculating the Average True Range.
Traditionally RMA, but using SMA here and in adxMA gives good results too.
diMA : Moving Average used for calculating the Directional Index.
Traditionally, RMA.
adxMA : Moving Average used for calculating the Average Directional
Index. Traditionally RMA, but using SMA here and in atrMA gives good results
too.
atrLen : Length of the Average True Range.
diLen : Length of the Directional Index.
adxLen : Length (smoothing) of the Average Directional Index.
h : Candle's high.
l : Candle's low.
c : Candle's close.
Returns:
ADX weighted maAs the first in a series of weighted moving averages I propose I present to you the ADX Weighted Moving Average .
The ADX Weighted Moving Average (ADXwma) calculates the average price over a certain period,
contrary to the well known Volume weighted ma, it is weighted by the ADX value,
the ADX value gives an indication of the "strength" of the market.
In this indicator the ADX is factored in to calculate the ma behaviour, meaning the stronger the market, the more price is factored in,
while price moves with a weak market are not as impactfull.
Feel free to experiment!!!
If you use the ADXwma in your scripts or your work, a shoutout would be nice!!
Gr, JD.
#NotTradingAdvice #DYOR
ADX and DI With Coloured Histogram BUY/SELLWe display here the ADX has a colored histogram, which is
- green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !)
- red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential downtrend --> we should rather be short (only sell if you have other concordant signals !)
- not visible if none of these conditions are met, meaning that the indicator do not show a potential trend --> don't use this indicator to buy or sell at this stage
KK_Average Directional Index (ADX) Higher TFHey guys,
sometimes you just want to plot an Indicator value from a higher Timeframe on your Chart. For most Indicators this is pretty straightforward however there is one Indicator that has been giving me quite a headache while trying to do this: The Average Directional Index . Anyway after going through almost 200 versions of this script I finally found a solution that works and thought I would share this with you, since I'm sure some of you have encountered the same problem.
How it works
Go to your desired Instrument/Timeframe and add the Script
Under Settings in the field for "Higher ADX TF" put the Timeframe-code you want to pull the ADX Values from.
- Codes: Monthly - M, Weekly W, Daily - D
- Codes Intraday: The amount of hours in minutes, e.g. if you want to pull values from the 4h-Chart the code is 240 (60 for 1h, 15 for 15m ...)
In some cases (see below) the calculation might not be correct. So make sure the values are correct:
a) Write down the latest ADX of the higher TF while you are on the lower TF
b) Switch the Resolution to the higher TF
c) Compare the value you have just written down to the next to last value. They should be the same.
d) Switch back the Resolution to the lower TF and you're good to go.
Limitations
You can only pull values from higher Timeframes, e.g. you're on a 4h Chart, so you can only pull values from the Daily, Weekly and Monthly Chart. You can't pull values from the 1h Chart.
You can only pull values from Timeframes, where the higher Timeframe Close always has a corresponding Close on the lower Timeframe, e.g. you can't pull values from the 3h Chart when you are on a 2h Chart. This should be pretty rare.
The Script needs a certain amount of Data from the Higher TF before the calculated values are correct. I have tested this on several Instruments and the Script usually needs approximately 100 Bars on the higher Timeframe (often less) for the values to be correct (error < 1%).
So when the difference between your lower Timeframe and you higher Timeframe is large, e.g. you want to pull the Daily ADX value on a 15m-Chart, the calculation can be wrong. This can lead to errors in 2 Cases:
a) Backtesting: When you go over old data and get close to the last available Bar the Data will be wrong. This will limit the amount of data you can backtest.
b) Live values: When the difference between the two Timeframes is too large, it is possible that even live values are wrong, e.g. this will be the case when you are trying to pull the Daily ADX value on a 5 minute Chart. Always check if the calculation works with your desired combination of Timeframes before using it (see above).
I hope this is useful for you and whish all of you successful trading!
Best regards
Kurbelklaus
ADX Thrust Reversal & Trend
Created by Love Sharma, CMT, CFTe
the idea is simple. there needs to be thrust in prices before adx goes above any barrier or level say 25/10 or even 10/ The Di plus or Di minus should be above ADX. This indicates the change in direction or change in underlying price and obviously followed by ADX indicator which is dependent on user which level it exceed.
The ADX - Shows Trend Strength
The =/- Di show Thrust or reversal in prices.
it helps in entering the directional change in prices early rather than waiting for ADX
ADX Volume Trend
Thie indicator is a modified and upgraded version of the popular ADX tool.
ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go.
With this script, I have added in the formula the usage of volume, leading to the following functionality.
The length is used to determine the period to calculate the trend strength and direction, and the average is used to then determine the oscillator and to confront the previous line.
The volume average determines how many volumes bars the indicator should use to determine if a volume bar is above or below average if volume mode is selected.
With the volume mode on, you'll get the DI+ and DI- lines, which are by default displayed as a histogram that calculates the difference between the two lines, called "Directional difference", are calculated using also the volume in the formula, multiplying the normal output by the volume multiplier. I suggest using this mode in high-volume markets.
The trend strength difference is the area calculated using the difference between the ADX line and his moving average and can be used to analyze divergences in the swing points.
It has a lot of improvements and new functionalities, like:
- Histogram to show the output at best
- Averages to compare the data
- The option to include the volume inside of the formula
- Other options and esthetic changes
This indicator is created to improve the usability of the popular ADX indicator, including the very important variable of the volumes, in fact, it's the best to use for the Volume Spread Analysis.
ADX / RSI Strategy by Trade Rush (created by SirPoggy) This is one of many new strategies coming soon which were seen on Trade Rush
This one is the ADX / RSI Strategy seen here:
https:www.youtube.com/watch?v=uSkGE0ujyn4
While the strategy has been modified slightly to use the DMI instead of the ADX, the core of the strategy is essentially the same
Long signals are generated when the RSI is above 70, close is above the 200EMA, and the ADX is above 25 (added is the plus DMI over 25 and minus DMI below 20)
Stop loss is placed below /above the 21 EMA, however, there is a deviation required to ensure price is not too close to where a stop loss would be placed.
Short signals are generated when the RSI is below 30, close is below the 200EMA, and the ADX is above 25 (added is the minus DMI over 25 and plus DMI below 20)
I do not recommend using this strategy but I have provided this code for educational purposes.
Thanks!
Let me know which strategy you'd like coded next in the comments below.
ADX Histogram with DI linesInspired by the user scarf from Tradingview. In contrast with that other indicator, this one instead of a simple moving average (SMA) for the ADX calculations, uses a running moving average (RMA) or also known as Wilder's Average. I like having a histogram for the DI lines over just having lines alone because it makes it easier to see. In addition I made it so that values less than 5 for the DI lines are colored lightly to note that the movement was less significant(might not matter but some might care about it, atleast I do). The ADX has a color fainting effect too, and when it goes above the threshold then it becomes black to note that it is trending, as the indicator suggests.
The advantages with these additions and changes are that it shows a more traditional moving average like the original author Wellers Wilder suggested and you can see the crossings and directional movement changes easier from seeing the colors on the histogram easier than you would by looking at the DI lines alone. The disadvantages are you won't be able to tell when the ADX line is above both DI lines and when the ADX then makes a decrease from there(which can sometimes show a reversal), but personally it doesn't matter too much to me and perhaps to those who care more about seeing the direction than having to focus on all those 3 lines crossing all over the place.
ADX and DI advancedThis is a special ADX and DI which includes the following additional functions:
cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend
cr2- shows a constant background highlight of a trend.
ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black area instead.
cr3 and cr4 are experimental- would not reccommend using yet (they were part of a test I did)
For a detailed video on how I use this indicator please go here
youtu.be
The article version was published here originally
bitcointradingtoday.com
ADX DINGUE v5This is the updated script for PinceScrip V5
3x DMI and ADX indicator into 1.
You can turn on and off all 3x DMI and all 3x ADX and or customize their settings manually.
I also added my 3 line system, which is a homemade calculation from the DMI lines (P+N), and instead turns them into a single line.
There are also several options for histogram, ADX line, crosses, colors, overextended ...
---------------------
In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
