MyNewTrading

DMI With Crosses (MyNewTrade)

MyNewTrading Updated   
Directional Movement Indicator:
+DI and -DI
I changed the color of the bar bars according to the crossed of +DI and -DI . It helps us to have an idea of whether the trend is continuing or not.

+DI crossover to -DI barcolor is Aqua, if not bar color is Red.

It also helps us to find the lowest and highest points of the graph according to the positions of Adx +DI and -DI .
It gives warnings at the lowest and highest points, which helps us to detect the direction of the trend.
Release Notes: I edited the formula that calculates the highest and lowest points. and made it understandable.
Release Notes: I added Alert settings.
Release Notes: I solved some Alert problems.
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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