ucsgears

DMI Stochastic Extereme

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USed the DMI             Oscillator created by LARK "https://www.tradingview.com/v/T79b6F5n/" to create this DMI             Stochastic Extreme. You can also use the DMI             Stochastic by Lark
TheLark: Directional Movement Index Stochastic
.

Updated Version -
DMI Stochastic Extreme -
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study(title="DMI Stochastic Extreme", shorttitle="DMI-Stochastic", overlay=false)
// Wells Wilders MA
wwma(l,p) =>
    wwma = (nz(wwma[1]) * (l - 1) + p) / l

// Inputs
DMIlength = input(10)
Stolength = input(3)

// DMI Osc Calc
hiDiff = high - high[1]
loDiff = low[1] - low
plusDM = (hiDiff > loDiff) and (hiDiff > 0) ? hiDiff : 0
minusDM = (loDiff > hiDiff) and (loDiff > 0) ? loDiff : 0
ATR = wwma(DMIlength, tr)
PlusDI = 100 * wwma(DMIlength,plusDM) / ATR
MinusDI = 100 * wwma(DMIlength,minusDM) / ATR
osc = PlusDI - MinusDI

// DMI Stochastic Calc
hi = highest(osc, Stolength)
lo = lowest(osc, Stolength)

Stoch = sum((osc-lo),Stolength) / sum((hi-lo),Stolength) *100
plot(Stoch, color = white, title = 'Stochastic', linewidth = 2, style = line)

p0 = 0
p1 = 100
p2 = 90
p3 = 10

crossUp = Stoch[1] < 10 and Stoch >10 ? 1 : 0
crossDown = Stoch[1] > 90 and Stoch < 90 ? 1 : 0

//crossP3 = cross(Stoch,p3)

//circleYPosition = crossP3
//circleYPosition = p3
//circleYPosition_l = p2

plot (p3, color = red, linewidth = 1, title = 'Over Bought')
plot (p2, color = green, linewidth = 1, title = 'Over Sold')

//plot(crossUp and crossP3 ? circleYPosition : na, color = green, style = cross, linewidth = 4, title='Long')
//plot(crossUp ? circleYPosition : na, color = green, style = cross, linewidth = 4, title='Long', offset=-1)
//plot(sd and cross_down and cross(sma(ac, 1), achm) ? circleYPosition : na,style=cross, linewidth=6, color=fuchsia)
//plot(crossDown ? circleYPosition_l : na,style=cross, linewidth=6, color=fuchsia, offset=-1)

//plot(cross(Stoch,p2) ? Stoch : na, color = Stoch < p2 ? red : na, style = cross, linewidth = 4, title='Short')

plotchar(crossUp, title="i", char='B', location=location.bottom, color=green, transp=0, offset=0)
plotchar(crossDown, title="Gann Swing Low Plots-Triangles Up Bottom of Screen",char='S', offset=0, location=location.top, color=red, transp=0)
Credit for adding B, S goes to Chris. Thanks Chris.
Reply
This signals look good for this chart. But i seemed to get a whipsawed a bunch for other charts.
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ucsgears PRO joe_vijay
Indicators are a reflection of price in one way or another. If the Price is in Smooth uptrend like one of those tickers with some solid trading volume and market cap, you have a bit more reliable indicator than a choppy spikes here and there....
snapshot

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Nice !!!
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