OPEN-SOURCE SCRIPT
Directional Strength Indicator
The DSI fuses momentum (RSI), price acceleration (ROC), and volume strength across three hierarchical timeframes. When all three metrics align upward (or downward) it signals a strong directional move; otherwise it flags a lack of clear direction, useful as a filter or trigger in trading strategies. Watch the video at youtu.be/ZUJEMUl5K4I?feature=shared
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.