TheLark

TheLark: Directional Movement Index Oscillator

A modified DMI, This turns the standard DMI into an Oscillator. The DMI cross signal is the same, but as an OSC you get the added benefits or finding divergences, etc. The added WIlder's Average Line (blue) can help you see if a short term trend is getting less interesting.
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?
study(title="TheLark: Directional Movement Index Oscillator", shorttitle="DMI-OSC_LK", overlay=false)

        //•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•//   
        //                                             //
        //        DMI OSCILLATOR  BY THELARK           //
        //                 ~ 8-3-14 ~                  //
        //                                             //
        //                     •/•                     //
        //                                             //
        //    https://www.tradingview.com/u/TheLark    //
        //                                             //
        //•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•/•//

// Wells Wilders MA
wwma(l,p) =>
    wwma = (nz(wwma[1]) * (l - 1) + p) / l

// Inputs
DMIlength = input(14)
Avglength = input(2)

// Calc
hiDiff = high - high[1]
loDiff = low[1] - low
plusDM = (hiDiff > loDiff) and (hiDiff > 0) ? hiDiff : 0
minusDM = (loDiff > hiDiff) and (loDiff > 0) ? loDiff : 0
ATR = wwma(DMIlength, tr)
PlusDI = 100 * wwma(DMIlength,plusDM) / ATR
MinusDI = 100 * wwma(DMIlength,minusDM) / ATR
osc = PlusDI - MinusDI
col = osc >= 0 ? #99EF0E : #FF0064
// Plots
plot(osc,color=col, style=histogram, linewidth=2)
plot(wwma(Avglength,osc), color=#0EAAEF,title="DI+")

Kommentare

greak indicator! i already get used to traditiional DMI indicator:D
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this is so much easier to "read" compared to the default DMI, thanks a lot!!!
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Thank you so much for this!
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very nice one bro, can u make histogram of yours like this one, would be awesome

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TheLark Mlnklkm
@Mlnklkm, Hi, thanks for your comment. I'll look into it as I have time. Currently I am fairly busy but I strongly suggest you look into pine script yourself and give it a try! It's very rewarding to learn, and not too difficult if you are not doing anything tricky (this should be straight forward) ;)

Don't hesitate to private message me if you have any questions about pine!
Antworten
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