This indicator will time Breakouts.
DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.
Can apply same logic for Divergences on DMI+ and DMI- lines.
DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.
Can apply same logic for Divergences on DMI+ and DMI- lines.
Versionshinweise:
Added shapes when DMI+ and DMI- crosses.
DMI+ cross Up to the DMI- => UpShape in Aqua
DMI- cross Up to the DMI+ => DownShape in Purple
DMI+ cross Up to the DMI- => UpShape in Aqua
DMI- cross Up to the DMI+ => DownShape in Purple
Versionshinweise:
Code tweaks.
More Shapes.
Styling Update.
More Shapes.
Styling Update.
Versionshinweise:
Code Tweaks. Styling Update.
Versionshinweise:
Code Update.
USE WITH PURE BLACK BACKGROUND COLOR
USE WITH PURE BLACK BACKGROUND COLOR
Versionshinweise:
Updated to v5 Pinescript.
Without Risk and Position Management, You WILL Lose Money.