Average Directional Index with DI Spread

312 1
This indicator converts conventional triple lined ADX , DI+ and DI- into two lines. First line is the
original ADX line and second line is obtained by subtracting DI- from DI+ which named DI Spread(DIS)

If ADX is greater than 20 there is a trend and if greater than 40 there is a strong trend but ADX does not tell
the trend direction
To determine trend direction, DIS can be used with ADX ; Sımply; If DIS is greater than 0, it is an uptrend and If DIS
is less than 0, it is a downtrend.
To sum up;
If ADX is greater than 20 and especially greater than 40 with positive DIS value, this implies an uptrend.
If ADX is greater than 20 and especially greater than 40 with negative DIS value, this implies a downtrend.

*Because of coloration and reference levels used, this indicator is really simple and efficient to analyze trend direction.
Von Favorisierten Skripten entfernen Zu Favorisierten Skripten hinzufügen
Great, thank you!
+1 Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Charting Lösungen Hilfe Themen Feature-Anfrage Blog & News FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung TradingView Coins Meine Support Tickets Hilfe Themen Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden