jdlim

ADX and DMI

Average directional index ( ADX ) with directional movement indicator (DMI). Used to determine the strength and direction of a trend.

Options to change look back length, line-weights, line position and shading of areas.

0-20: Weak or no trend ( accumulation/distribution )
20-25: Trend appearing/gaining momentum
20-50: Strong trend
>50: Very strong trend


Links to my other indicators
TD sequential indicator


TD alternatives


RSI with a horizontal line


Plot MAs



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Why is the source to this protected? It's a common indicator
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jdlim jaggedsoft
@jaggedsoft, Yeah, but I plan to customize it in the future.
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Which color trend ? Which color buy or sell signal , thx
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jdlim Heroturk
Hi @Heroturk, the blue line is the ADX and indicates trend strength, however, it's nondirectional. The red line is the -DMI and the green is the +DMI, these indicate the trend (green above red is bullish, red above green is bearish). You can find more info here https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp and https://www.babypips.com/learn/forex/average-directional-index.
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@jdlim, Great , thank you.
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Danke
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