So in this indicator I put the improved DMI together with stoch rsi
the area in light blue are buy zone by the improved DMI
the area in light red are potential sell zone by the improved DMI
the green columns are stoch rsi crossing up
the red columns are stoch rsi crossing down
This is a new indicator that make the normal DMI better
insread of the ADX I put a volume indicator that have been transformed to be on regular scripts
with this it much more easy to spot the true buy and sell points by the DMI
have fun
This indicator has the following:
1. volume rsi based on Ricardo Santos great work
2.DMI
3.fib candle
the buy points are based on volume break of rsi (not rsi) filter by DMI and the candle fib based on fibo points
sell point the same just in reverse
this indicator give you volume based on rsi to gether with other stuff so the buy points seems to be more accurate...
there are two system to buy and sell in this indicator
system 1 is based on long ema and short ema with heiken candle and macd filter (green=buy and red=sell) line bellow the candles)
system 2 is based on fib candle and fast rsi and fast adx crossing (blue=buy line and gray=sell line bellow candle)
B and S are points of stoch rsi crossing
inside there are points...
SO how this system work
1. B and S top and button are stoch cross points
2.the area highlighted in blue and red are zone where RSI DMI and ATR are in agreement
3. The candles are based on fibonaci so if the candle are below 10 is low fib and if above 90 its high fib
so how to find best buy points
1. search for B points the fall in blue area =RSI low and D-...
very similar to previous version only here instead of using rsi dmi system , I use only dmi srsi cross up as seen as green and red trinangular on top or buttom. fib candles are the same no modification best buy if candles bellow 10 and sell if candles above 90
this indicator show you the best buy points and sell points on a combination of DMI and SRSI cross up or down represented in green or red triangular dots
The indicator has 3 part
1. buy sell pints based on rsi and stoch and DMI = green red trinagukar
2. crossing up of srsi =green cross points
3. fibonaci candels= below 10 best buy ,above 90 =best sell according to candles
this system is based on RSI+DMI and special candle based on fibonacci levels, best buy poiny is RSI + indicated in green triangle, DMI above 30 (red line) and low fib level ( bellow 30 better bellow 10) ..have fun
Not an upgrade as much as a tweek.
DMI+/- are slightly smoother.
ADX was modified to be a field that is negative or positive, the value of which was multiplied to be highly visible.
Hope you like it.
A new script I am currently using for autoview. Based on Directional Movement Index.
I will grant access to people willing to make a small donation.
Here is my BTC 2.27% address : 19sVQvCDmVfEACq7BiMnWSMqFPZ8qfSQ2K
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If you want to do some...
Standard DMI indicator, but with easier to understand colours and threshold lines.
I found myself constantly changing the colours every time I added the DMI indicator to a chart, so this indicator should fix that issue.
Green = Plus Directional Indicator ( +DI )
Red = Minus Directional Indicator ( -DI )
Blue = Average Directional Index ( ADX )
Comments...
![BTCUSDT: [RS]Volume Rsidmi](https://s3.tradingview.com/i/iVIGKsnE_mid.png "[RS]Volume Rsidmi")
