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ADX and DI advanced

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This is a special ADX and DI which includes the following additional functions:

cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend

cr2- shows a constant background highlight of a trend.

ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black area instead.


cr3 and cr4 are experimental- would not reccommend using yet (they were part of a test I did)

For a detailed video on how I use this indicator please go here

https://youtu.be/Mwc_poTs-fA

The article version was published here originally

http://bitcointradingtoday.com/2019/04/26/trading-view-tutorial-using-adx-di-identify-peaks-reversals/
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.

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