SparkyFlary

ADX Histogram with DI lines

Inspired 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.
Versionshinweise: moved the scale to the right
Versionshinweise: added an ADXR line option, it is turned off by default
added options to turn on the ADX and ADXR lines
Versionshinweise: updated
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

Good script. Please repost with scale on right side instead of left. Thanks
Antworten
SparkyFlary shacks420
@shacks420, will do, thanks for the feedback
Antworten
shacks420 SparkyFlary
@SparkyFlary, thanks
Antworten
SparkyFlary shacks420
@shacks420, no problem, yeah throw me some comments and feedback yall. I'm here to help make us all money! Let's do it.
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender Über Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter