This Adx +-Di is just a complete version of what the ADX is supposed to signal. So you have: 15 (contraction), 20 (threshold), 30 (expansion), 40 (resistance) levels. Below 20 the price is not trending Above 30 the price is trending Below 15 price has been in contraction for too long Between 20 and 30 price is in a "transition zone". I finally added a...
This bad boy shows the same info as a normal ADX & DI but I've endeavoured to remove a lot of the confusion. I also added red/green colour gradients to show how much ADX is trending, the darker the colour, the stronger the trend. This should help to avoid the upsidedowniness and confusion I've always found with the original. I made this a while ago and have made a...
An EMA is applied to the ADX in order to catch the exhaustion of a trend (i.e. ADX line crossunder EMAADX line) or the possible formation of a new one. In the first case, we would wait a confirmation signal, which happens when the crossunder has a value greater then 50. A new trend is created when the difference between the ADX and the EMAADX is positive, with ADX...
A simple modification of the built-in "Average Directional Index": To identify wether there is an uptrend or a downtrend, the function color is conditional: no trend: black small uptrend (weak threshold): light green big uptrend (strong threshold): green small downtrend (weak threshold): light red big downtrend (strong threshold): red
Edit of the popular script by @TraderR0BERT New features: - horizontal colored areas, indication weak/medium/strong trend - vertical bars, signaling trend/momentum changes - DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)
5 indicators in 1. You can choose wich one you want to see (rsi ,aroon,macd,stoch or adx di) Usefull to save space for other indicators
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum the indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines a threshold mask can be shown or omitted as...
Version 2 added support for MTF, to see the trend direction on the lower or higher timeframe. As an example to see the difference, the indicator is added three times, one time for the current TF, one set at the higher and one at the lower TF. Cudo's to Chris Moody for the MTF-switching-code!! JD.
This indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum. The indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler...
This indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro The indicator gives a multiplication of ADX and the DI+ and DI- values, color coded for bullish or bearish momentum. The indicator was optimised for use with HA-candles, but works with regular candles as well and shows general market direction en divergence in a simpler...
So... the popular version of "ADX and DI" shown on tradingview by masanakamura uses some wacky and incorrect formula for DI and uses SMA instead of the Wilder's MA that ADX/DI is supposed to use, and doesn't give the correct ADX and DI values. The Tradingview "Average Directional Index" uses the correct calculation but doesn't show DI+ and DI-. So, here it is with...
Vertical Horizontal Filter indicator script. This indicator was originally developed by Adam White.
Candles colors based on ADX and DI strength. How to read: 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 trend
Indicator plots Money Flow Indicator (Chaikin). This indicator looks to improve on Larry William's Accumulation Distribution formula that compared the closing price with the opening price. In the early 1970's, opening prices for stocks stopped being transmitted by the exchanges. This made it difficult to calculate Williams' formula. The...
I'm publishing this indicator just for study purposes, because the result is exactly the same as DMI without the smoothing factor. It is exactly the same as ADX Wilder from MT5. I was looking for the algorithm all over and it was a pain to find the right formula, meaning: one that would match with the built-in ones. After several study and comparison, I still...
The Average Directional Movement Index Rating (ADXR) measures the strength of the Average Directional Movement Index (ADX). It's calculated by taking the average of the current ADX and the ADX from one time period before (time periods can vary, but the most typical period used is 14 days). Like the ADX, the ADXR ranges from values of 0 to 100 and reflects...
Hey 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...