Directional Movement Index — Indicator by ramsay09

trendanalysis dmi adx signal slope

This is a standard ADX DMI indicator with Background colour and the option to draw the Background colour of the next higher timeframe.

Release Notes:

Some code improvement.
Signal added

Release Notes:

Signal added

Release Notes:

Tooltips added and minor changes.

Release Notes:

Code updated.

Release Notes:

ADX slope background color added.

Release Notes:

Script converted to Pine v5.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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