TheYangGuizi

CM_ADX+DMI Mod

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Mashed together Chris Moody's ADX thing with his DMI thing.
So you can see trend strength + direction
green-ish = uptrend-ish//red-ish = downtrend-ish
Colors can be adjusted though.
below 10 = gray, not much going on
10 - 20 = light green/light red, could be the beginning o something
20 - 40 = bright green / bright red, something is going on
above 40 = dark green, dark red, exhaustion (default is 40 , can be adjusted to whatever)
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?
//Created By Chris Moody on 11-18-2014
//Modded, YG, mashed together DMI + ADX
//Designed to go with ADX Trading System.
//Video Overview Explaining Setup
study(title="CM_ADX_V1", shorttitle="CM_ADX + DMI")
len = input(14, minval=1, title="DI Length")
lensig = input(14, title="ADX Smoothing", minval=1, maxval=50)


up = change(high)
down = -change(low)
trur = rma(tr, len)

plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / trur)
minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / trur)

sum = plus + minus 
adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), lensig)

osob=input(40,title="Exhaustion Level for ADX, default = 40")


col = adx <= 10 ? gray : adx > 10 and adx <= 20 and plus > minus ? #98FF98 :adx > 10 and adx <= 20 and plus < minus ? #E77471 : adx > 20 and adx <= osob and plus > minus ? lime :adx > 20 and adx <= osob and plus < minus? red: adx > osob and plus > minus ?green:adx > osob and plus < minus ?maroon:white
barcolor(col)
//plot(plus, color=lime, title="+DI", style=line, linewidth=3)
//plot(minus, color=red, title="-DI", style=line, linewidth=3)
plot(adx, color=col, title="ADX", style=columns)
plot(0, title="0 Line", style=line, linewidth=1, color=gray)


plot(10, title="10 Line", style=circles, linewidth=1, color=gray)

plot(20, title="20 Line", style=circles, linewidth=1, color=gray)

plot(osob, title="10 Line", style=circles, linewidth=1, color=gray)

Kommentare

Love the work you have done. This indicator has become a very import part of my trading system. Thank you!
+2 Antworten
Hello Sir,

I observed that in down trend it should show light red, strong red or dark Red, instead some candles it is showing as green or dark green is it expected behavior?
+1 Antworten
Awesome indicator! Thanks
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very much thx
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THX
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Love this! Thank you
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Excellent
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