Auf geht's

ADX

Highly Optimized (Aroon, DMI, RWI)It is a highly optimized script for H4, D1. Backtests from (2016 - 2019, depending on the currency pair). Optimization still going on. Following alerts can be activated: - Buy-Signal (Baseline-Cross)! Sell-Signal (Baseline-Cross)! Buy Signal (Aroon)! Sell Signal (Aroon)! Buy Signal (DMI)! Sell Signal (DMI)! Buy Signal (RWI)! Sell Signal (RWI)! Can be used by the following pairs: AUDCAD AUDCHF AUDJPY AUDNZD AUDSGD AUDUSD CADCHF CADJPY CHFJPY CHFSGD EURAUD EURCAD EURCHF EURGBP EURJPY EURNZD EURSGD EURTRY EURUSD GBPAUD GBPCAD GBPCHF GBPJPY GBPNZD GBPSGD GBPUSD NZDCAD NZDCHF NZDJPY NZDUSD SEKJPY SGDJPY USDCAD USDCHF USDCNH USDJPY USDSGD USDTRY XRPUSD Price is 5€ per Month or 75€ lifetime. One week free for testing.
Pine Script® Indikator
von goldi79
Combo Strategy 123 Reversal and ADXR This is combo strategies for get a cumulative signal. Result signal will return 1 if two strategies is long, -1 if all strategies is short and 0 if signals of strategies is not equal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Secon strategy The Average Directional Movement Index Rating (ADXR) measures the strength of the Average Directional Movement Index (ADX). It's calculated by taking the average of the current ADX and the ADX from one time period before (time periods can vary, but the most typical period used is 14 days). Like the ADX, the ADXR ranges from values of 0 to 100 and reflects strengthening and weakening trends. However, because it represents an average of ADX, values don't fluctuate as dramatically and some analysts believe the indicator helps better display trends in volatile markets. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script® Indikator
von HPotter
RePaNoCHa V4 [Alerts]Script for automatic trading with Alerts. LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no ideal distance because markets and price are always changing and we know that is impossible to exit on the top or bottom. This script interpolate the trailing Stop Offset with profit, higher profit --> higher Trailing Stop Offset. Despite this, it's difficult to catch the price but not impossible. It has a TS delay too. It take a snapshot every X seconds, if the TS is activated the alert is triggered, otherwise the price keeps fluctuating until a new snapshot. It can be easily converted to Backtest. Just delete "//" on the corresponding part. Default settings for XBT:USD at 1H.
Pine Script® Indikator
von UnknownUnicorn2151907
63
NOT-ONLY LONG V4 [Alerts]This Script is the second part of the previous one. In this second part it includes Longs and also Shorts. It is a little conservative, and is mainly used for swing trading. It can be used for everyday trading or if you’re using it for automated trading, you don’t necessarily need to run it as a bot. But you can do so if you want. To set it up without running it as a bot. Create the alerts that will send notifications to your mobile, and then when you receive an alert, you can place the order manually yourself. Maybe it could be a bit boring. But as someone said: "The Exchange is designed to transfer the money of the impatient to the patients." -Warren Buffett. This script uses RMI + ADX + RSI, and for the main trend the famous Ichimoku, here I thought wasn’t good for anything, but look at how well it works with ETH. I had to put the security () function only for Ichimoku. It can be used in this way without causing problems with repainting, but you have to know what measures to take to ensure it does not overlap, or so that the backtest is accurate. indexHighTF = barstate.isrealtime ? 1 : 0 indexCurrTF = barstate.isrealtime ? 0 : 1 a0 = security(syminfo.tickerid, 'D', close , lookahead=barmerge.lookahead_off) a = a0 The preventive measures can be found in the link below: www.tradingview.com This script is like the world upside down. When the price goes up and you see an opportunity, you start creating shorts and the same thing can be done by creating longs when the price goes down. It can be very effective because remember what Warren Buffett said again: "The dumbest reason in the world to buy an action is that it is going up." It leave the position only when Taking Profits. It does not have Stop Loss, instead, when it reaches a set % loss, it makes a re-entry by laddering the trades. I think that the Stops Loss only serves to get you liquidate. With the erratic price movements on the Exchanges, their movements can be between 5-20%, fucking you if you have a SL !! (conspiracy theories) ;-) This world is invented for you to lose money, it is not easy to get rich and less likely with a script, but neither is it impossible, who knows, maybe this will help or at least give extra tool in your trading. It's more or less adjusted for my favorite crypto currency: ETH on BITMEX and I'm sure there's a much better setting. The best Timeframe that seems to be working well: ETH: 1 H Greetings from Barcelona… Thanks... BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd BCH: qrv6j7mpxjzzs9dudfag3glu278suchdhg7c44pa37 ETH: 0x518AAD4746912ae506c82B747488306186c4d546 ETC: 0xa2498D7AcB9303aa10F14ff27C54AAc4cE5d5705 ZRX: 0x29aC9BaC10818C30055b25A8E90dd11488Ae6df8 BAT: 0x115f3F9D1c3fC248e73644a72d77A062D3CB28Ba
Pine Script® Indikator
von UnknownUnicorn2151907
1
NOT-ONLY-LONG V4 [Backtest]Este Script es la segunda parte del anterior. Es para Longs y también para Shorts, es un poco conservador, y es para un trading tipo swing trading y se puede utilizar en modo manual también. No necesitas conectarlo a un bot para trading automático, o sí, como quieras. Pero, solo con crear las alertas que te avisen al móvil, tú mismo podrás poner la orden. Quizá es un poco aburrido. Pero alguien dijo: “La Bolsa está diseñada para transferir el dinero de los impacientes a los pacientes”. -Warren Buffett. Utiliza RMI+ADX+RSI, y para la tendencia principal el famoso Ichimoku que yo mismo pensaba que no servía para nada, pero míralo que bien funciona con ETH. Le he tenido que poner la función security() solo para Ichimoku. Se puede utilizar, pero hay que saber tomar algunas medidas para que no repinte o para que el backtest sea real, como por ejemplo: indexHighTF = barstate.isrealtime ? 1 : 0 indexCurrTF = barstate.isrealtime ? 0 : 1 a0 = security(tickerid, 'D', close , lookahead=barmerge.lookahead_off) a = a0 www.tradingview.com Este script es como el mundo al revés, cuando sube el precio y ve la oportunidad empieza a crear shorts y lo mismo creando longs cuando baja el precio. Puede ser muy efectivo ya que recordando a Warren Buffett otra vez: “La razón más tonta del mundo para comprar una acción es que esté subiendo.” Sale de la posición solo con Take Profit. No tiene Stop Loss, en su lugar, cuando llega a un % de pérdida establecida, hace una re-entrada. Pienso que los Stops Loss solo sirven para que te liquiden la posición los propios Exchanges con sus movimientos de 5-20% a la contra así que fuera el puto SL!! 😉. Este mundo está inventado para que pierdas dinero, no es fácil hacerse rico y menos con un script, pero tampoco es imposible, quien sabe, a lo mejor sí o por lo menos un extra. Está más o menos ajustado para mi cripto favorita: ETH en BITMEX y seguro que hay un ajuste mucho mejor. Timeframes que parece que va bien: ETH  1 H Tenía ganas de desahogarme aquí un poco en mi idioma, el inglés lo tengo un poco verde. 😊 Saludos desde Barcelona… Gracias... BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd BCH: qrv6j7mpxjzzs9dudfag3glu278suchdhg7c44pa37 ETH: 0x518AAD4746912ae506c82B747488306186c4d546 ETC: 0xa2498D7AcB9303aa10F14ff27C54AAc4cE5d5705 ZRX: 0x29aC9BaC10818C30055b25A8E90dd11488Ae6df8 BAT: 0x115f3F9D1c3fC248e73644a72d77A062D3CB28Ba
Pine Script® Strategie
von UnknownUnicorn2151907
5
ONLY LONG V4 [Alerts]Let's try the Version 4 ... This script is only for long positions. It's based on the conjunction of RMI + ADX + RSI for entries and only with Take Profit to close the position. It doesn't have security (), nor Heikin Ashi, so the Backtest is Real. Use always 'Once per bar'. It doesn't repaint absolutely nothing at all. Timeframe: 15 minutes Have fun improving it ... Enjoy! Tips ... BTC: 3LEUP3WjQctdbFjBavcmRGUVRBje8bptCd ETH: 0x518AAD4746912ae506c82B747488306186c4d546
Pine Script® Indikator
von UnknownUnicorn2151907
13
ADX ColorO ADX avalia tendências de alta e baixa, buscando mostrar um movimento direcional. O indicador é composto por três linhas: DI+, DI- e ADX; Onde o ADX representa o índice das médias do movimento direcional. O DI+ ocorre quando o valor do preço máximo do candle for maior que o do candle anterior, assim, temos um movimento direcional positivo. DI+ = Máx(c) – Máx(c – 1) E o DI- representa o movimento direcional negativo, ele ocorre quando a mínima do candle for menor que a mínima do candle anterior. DI- = Mín(c) – Mín(c-1) Dessa forma, se o ADX e o DI- estiverem acima do DI+ e com ADX subindo acima de 25, será o melhor momento para estar vendido, e que a tendência de baixa é forte. E quando as médias ficam se cruzando entre si, significará que o ativo pode apenas estar em congestão, ou seja sem tendência.
Pine Script® Indikator
von orlandojunior.py
4
ADX and DI With Coloured Histogram BUY/SELLWe display here the ADX has a colored histogram, which is - green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !) - red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential downtrend --> we should rather be short (only sell if you have other concordant signals !) - not visible if none of these conditions are met, meaning that the indicator do not show a potential trend --> don't use this indicator to buy or sell at this stage
Pine Script® Indikator
von Montdouan-De-Sprimont
4
Mossy ADX and DI with Buy/Sell SignalsBasic ADX DI with colored bars to show buy and sell signals , made for 1min but shows general signals of strong or weak buy and sell signals. Dark Red = Heavy Signal Light Red = weak signal Green = buy signal Dark Green = Heavy Signal Colors are to confirm or warn, Buy/Sell points are where to enter and exit. Mossy ADX DI colored bars for quick scalping, works best with Heikin Ashi, confirm with other indicators, Mossy Pop is one shown and works well to confirm.
Pine Script® Strategie
von mossystump
2
Consolidation vs Trending ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures. ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived. When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend. When the -DMI is above the +DMI, prices are moving down, and ADX measures the strength of the downtrend. ADX values help traders identify the strongest and most profitable trends to trade. The values are also important for distinguishing between trending and non-trending conditions. Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies. ADX Value Trend Strength 0-25 Absent or Weak Trend 25-50 Strong Trend 50-75 Very Strong Trend 75-100 Extremely Strong Trend
Pine Script® Indikator
von DarkSideTrader
5
RePaNoCHa [Alerts]Script for automatic trading with Alerts (Use Backtest to customize your own settings) All timeframes but good results on 2H. LG --> Long ST --> Short TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no ideal distance because markets and price are always changing and we know that is impossible to exit on the top or bottom. This script interpolate the trailing Stop Offset with profit, higher profit -- > higher Trailing Stop Offset. Despite this, it's difficult to catch the price. If someone comes up with a good idea, comment, I'm happy to learn. No security() function so no repaint but has time() and can appear a warning for it. Alerts: 'Once per bar' More profit but not confirmed alerts (10-20% fake alerts)... I like risk 'Once per bar close' Confirmed alerts (0% fake alerts)... You will sleep better Some settings: XBTUSD (BITMEX) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 5 T3 Volume Factor = 0.9 Sampling Period = 16 Range Multiplier = 1.3 ADX lenght = 10 ADX Threshold = 20 SAR start = 0.07 SAR inc = 0.02 SAR max = 0.15 Pyramiding = 10 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.35 Trailing Stop Offset % (when profit=10 %) = 1.5 Stop Loss = 3.5 Tics/Pips Correction = 10 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 % ETHUSD (BITMEX) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 5 T3 Volume Factor = 0.7 Sampling Period = 13 Range Multiplier = 0.9 ADX lenght = 11 ADX Threshold = 19 SAR start = 0.06 SAR inc = 0.03 SAR max = 0.15 Pyramiding = 10 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.35 Trailing Stop Offset % (when profit=10 %) = 1.5 Stop Loss = 4 Tics/Pips Correction = 100 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 % BNBUSDT (BINANCE) Timeframe = 2H Position Side = LONG Source = hlc3 T3 Length = 3 T3 Volume Factor = 1.6 Sampling Period = 17 Range Multiplier = 1.3 ADX lenght = 5 ADX Threshold = 18 SAR start = 0.04 SAR inc = 0.03 SAR max = 0.25 Pyramiding = 10 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.4 Trailing Stop Offset % (when profit=10 %) = 1.5 Stop Loss == false Tics/Pips Correction = 10000 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 % LTCUSDT (BINANCE) Timeframe = 2H Position Side = LONG Source = hlc3 T3 Length = 3 T3 Volume Factor = 1.6 Sampling Period = 11 Range Multiplier = 1.1 ADX lenght = 6 ADX Threshold = 22 SAR start = 0.07 SAR inc = 0.04 SAR max = 0.15 Pyramiding = 10 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.4 Trailing Stop Offset % (when profit=10 %) = 1.5 Stop Loss == false Tics/Pips Correction = 100 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 % TRXUSDT (BINANCE) Timeframe = 2H Position Side = LONG Source = hlc3 T3 Length = 3 T3 Volume Factor = 0.9 Sampling Period = 8 Range Multiplier = 1.2 ADX lenght = 4 ADX Threshold = 22 SAR start = 0.07 SAR inc = 0.04 SAR max = 0.15 Pyramiding = 10 Trailing Stop Activation % = 0.5 Trailing Stop Offset % (when profit=0.5 %) = 0.4 Trailing Stop Offset % (when profit=10 %) = 1.5 Stop Loss == false Tics/Pips Correction = 100000 Initial Capital = 1000 Quantity = 100 % Commission value = 0.075 % NAS100 (OANDA) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 3 T3 Volume Factor = 1 Sampling Period = 12 Range Multiplier = 1.3 ADX lenght = 18 ADX Threshold = 21 SAR start = 0.08 SAR inc = 0.06 SAR max = 0.25 Pyramiding = 10 Trailing Stop Activation % = 0.2 Trailing Stop Offset % (when profit=0.5 %) = 0.15 Trailing Stop Offset % (when profit=10 %) = 1 Stop Loss = 1.8 Tics/Pips Correction = 10 Initial Capital = 1000 Quantity = 3 contracts Commission value = 0.2 USD per contract NATGAS(OANDA) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 3 T3 Volume Factor = 1 Sampling Period = 18 Range Multiplier = 1.1 ADX lenght = 10 ADX Threshold = 17 SAR start = 0.1 SAR inc = 0.04 SAR max = 0.35 Pyramiding = 10 Trailing Stop Activation % = 0.2 Trailing Stop Offset % (when profit=0.5 %) = 0.15 Trailing Stop Offset % (when profit=10 %) = 1 Stop Loss = 1.6 Tics/Pips Correction = 1000 Initial Capital = 1000 Quantity = 4500 contracts Commission value = 0.002 USD per contract SPX500 (OANDA) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 3 T3 Volume Factor = 0.6 Sampling Period = 14 Range Multiplier = 1.3 ADX lenght = 12 ADX Threshold = 17 SAR start = 0.23 SAR inc = 0.05 SAR max = 0.2 Pyramiding = 10 Trailing Stop Activation % = 0.15 Trailing Stop Offset % (when profit=0.5 %) = 0.1 Trailing Stop Offset % (when profit=10 %) = 0.75 Stop Loss = 1.5 Tics/Pips Correction = 10 Initial Capital = 1000 Quantity = 8 contracts Commission value = 0.2 USD per contract US30 (OANDA) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 4 T3 Volume Factor = 0.9 Sampling Period = 11 Range Multiplier = 1.1 ADX lenght = 16 ADX Threshold = 24 SAR start = 0.08 SAR inc = 0.03 SAR max = 0.05 Pyramiding = 10 Trailing Stop Activation % = 0.15 Trailing Stop Offset % (when profit=0.5 %) = 0.1 Trailing Stop Offset % (when profit=10 %) = 0.75 Stop Loss = 1.5 Tics/Pips Correction = 10 Initial Capital = 1000 Quantity = 1 contracts Commission value = 1.5 USD per contract WHEAT (OANDA) Timeframe = 2H Position Side = BOTH Source = hlc3 T3 Length = 3 T3 Volume Factor = 1.1 Sampling Period = 12 Range Multiplier = 1 ADX lenght = 13 ADX Threshold = 21 SAR start = 0.07 SAR inc = 0.05 SAR max = 0.15 Pyramiding = 10 Trailing Stop Activation % = 0.2 Trailing Stop Offset % (when profit=0.5 %) = 0.15 Trailing Stop Offset % (when profit=10 %) = 1 Stop Loss = 2.5 Tics/Pips Correction = 1000 Initial Capital = 1000 Quantity = 2500 contracts Commission value = 0.003 USD per contract
Pine Script® Indikator
von UnknownUnicorn2151907
5
DMI ADXThis is the combination of ADX and DMI. It will tell you about the trend strength. In easy language Green is for bullish , red is for bearish ,and third line which is of blue and yellow will tell you about the trend strength doesn't matter in which direction. Blue will tell you that trend is getting strength and vice versa for yellow. Keep an eye at crossovers. New scripts r ready just doing some last testing will be out soon just wait for some more time :) all the Scripts here will be free and always will be. For my Indian friends a special surpriszzz is coming soon ;) Hope you got my point. Happy trading :) 15min Chart 1Hr chart
Pine Script® Indikator
von CryptoAdrian
1
Kal’s MTF ADX Rangoli RollerKaly MTF ADX Rangoli Roller is a method/study for finding trending stocks, indexes and cryptocurrencies using two different data periods (10, 5) of ADX Overlap over different time-frames (10m, 1H, 4H, 1D, 1W, 1M). In the study, I used 5-Period ADX for all mentioned time-frames. You may use 10-Period ADX for lower time-frames especially 10m and 1H. Sample Image of the pinescript code(at the end of this post) in Tradingview looks as follows: Note: Kal's MTF ADX Rangoli Roller is the lower Plot. The upper plot is KAL’s ADX Overlap Technical Study with MACD Filter( ) Description: ---------------- In the study plot, the lowest row is 10m, row above is 1H, row above is 4H, then 1D, then 1W and highest row is 1M Lime(Bright Green) dot implies Trending Uptrend for that time-frame (first phase) Green dot implies Trending Uptrend for that time-frame (second phase near exhaustion) Red dot implies Trending Downward for that time-frame (first phase) Maroon dot implies Trending Downward for that time-frame (second phase near exhaustion) Lime cross implies Strong Trending Uptrend for that time-frame (first phase) Green cross implies Strong Trending Uptrend for that time-frame (second phase near exhaustion) Red cross implies Trending Strong Downward for that time-frame (first phase) Maroon cross implies Trending Strong Downward for that time-frame (second phase near exhaustion) Yellow is ‘Squeeze On’ setting. During the squeeze period, the ADX signals are almost always ineffective. One may wait and watch over during this time. Once the Squeeze is released (i.e. no longer yellow), the trend corresponds to the color of the dots and crosses. Black is CRSI Overbought condition for that time-frame. It’s best to wait and research for possibility of trend reversal because 1. Profit-booking/trimming happens after CRSI Overbought condition. 2. Large Short-sellers may take huge positions during this time pushing the stock prices up. White is CRSI Oversold condition for that time-frame. It’s best to wait and research for possibility of trend reversal because 1. Profit-booking/trimming happens after CRSI Oversold conditions. 2. Large buyers may take huge positions during this time pushing the stock prices down. I am a disabled man. Therefore, I am not able to write in detail here today. More Details will follow as time permits. Please let me know if I am missing anything…  Legal Disclaimer: I published here so I get replies from fellow viewers to educate myself and for my daily expenses. Hence, if anyone uses this script for making their decisions, I am not responsible for any failures incurred. Safe Trading! Kal Gandikota  PS: If you found this script interesting and edifying please follow and upvote.  PS2: Please kindly donate for my daily expenses (atleast as you would on streets) at the following addresses:  BTC Wallet: 1NeDC1GvpFa49DFLuT1v28ohFjqtoWXNQ5 ETH Wallet: 0x35e557F39A998e7d35dD27c6720C3553e1c65053 NEO Wallet: AUdiNJDW7boeUyYYNhX86p2T8eWwuELSGr PS3: For more information on ADX and CRSI, please 'Google' or search here yourself. PS4: This study is intended for research in creating automated Python Trading Systems using Pandas( steemit.com ). Screenshots of the pinescript code looks as follows: 10minute Screenshot of Kal's MTF ADX Rangoli Roller (Above) 1 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above) 4 Hour Screenshot of Kal's MTF ADX Rangoli Roller (Above) 1 Day Screenshot of Kal's MTF ADX Rangoli Roller (Above) 1 Week Screenshot of Kal's MTF ADX Rangoli Roller (Above) 1 Month Screenshot of Kal's MTF ADX Rangoli Roller (Above)
Pine Script® Indikator
von KalGandikota
3
ADX+DMI MTF byPeterOThe goal of this study was to use ADX from Higher Timeframe - to determine trend direction Why? Because ADX is very sensitive, able to show trend ending without any delay, but not in the middle of it. Being able to see such immediate trend change on higher timeframe, is a great indicator of trend direction. Adding just security() calls to 'highest', 'lowest' and 'close' didn't seem right, because it produced some ugly ADX, D+ and D- plotlines. I wanted to see plotlines, which look exactly like those on actual higher timeframe. Therefore I modified the calculations. You can read more about my take on (not) using security() calls in my other source code indicator RSI MTF: link in comments. On top of all that, I added interpretation of DMI readings, because it is not as simple as plus>minus + ADXrising = uptrend. So GREEN background means higher timeframe uptrend and RED background means downtrend.
Pine Script® Indikator
von Peter_O
8
ADX and DI advancedThis is a special ADX and DI which includes the following additional functions: cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend cr2- shows a constant background highlight of a trend. ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black area instead. cr3 and cr4 are experimental- would not reccommend using yet (they were part of a test I did) For a detailed video on how I use this indicator please go here youtu.be The article version was published here originally bitcointradingtoday.com
Pine Script® Indikator
von ippp0031
1