A common problem experienced by short term traders using DMI/ADX is that the session breaks results in carry-over effects from the prior session. For example, a large gap up would result in a positive DMI, even though momentum is clearly negative. Note the extremely different results in the morning session, when the gap is reversed.
The DMI-FLEX algoritm...
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
Direction Movement Indicator (DMI) is a trend indicator invented by Welles Wilder, who also authored RSI.
DMI+ and DMI- respectively indicate pressure towards bullish or bearish trends.
ADX is the average directional movement, which indicates whether the market is currently trending (high values above 25) or ranging (below 20) or undecided (between 20 and...
Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a...
What makes this different from directional movement index?
The aim is to reduce the amount of data analysis necessary before taking action; currently using DMI requires reviewing the DM+ and DM- plots, and ADX as well as review the overall trend of each one. Also there is the final analysis to determine whether a strong trend hasn’t been established at...
Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions.
However, before you can safely trade sideways, you have to identify the most suitable market conditions.
The main features of such strategies...
DIRECTIONAL MOVEMENT INDEX + FISHER PRICE ACTION WITH LABELS
Directional Movement Index shows buy and sell pressure.
Fisher transform shows price action trending bullish or bearish.
Caution dots notify you of conflicting trends.
***HOW TO USE***
The top lines are the fisher transform showing you the price action trend.
The bottom lines filled with color shows...
VOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL
This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI).
***HOW TO USE***
If the bar and background is colored green, there is more market buying than selling on that bar.
If the bar and background is colored red, there is more market...
CANDLES COLORED GREEN OR RED ACCORDING TO BUY & SELL PRESSURE
This indicator paints each candle green, red or blue depending on whether the buy/sell pressure for that candle is bullish, bearish or neutral.
***TURN OFF NORMAL CANDLE COLORS***
For this script to show properly on the chart, make sure you go to chart settings(gear icon in top right corner) and in...
The Diosc indicator based on DMI is the combined version of -DI and +DI. While +DI is above (the trend is up), +DI is used and in the other case -DI is used. In addition, 9-day EMA was added to the graph so that sell/buy points could be seen on the histogram. Both sell/buy points and divergence/convergence can be followed on the graph.
Temeli DMI üzerine...