OPEN-SOURCE SCRIPT
DX with Price-Aligned Color
✅ Buy CE ONLY when:
DX > 25
DX is GREEN
Price above VWAP / structure support
❌ Avoid CE when:
DX is RED (even if rising)
✅ PE Logic (optional):
DX rising
Price falling
DX RED + below VWAP
DX > 25
DX is GREEN
Price above VWAP / structure support
❌ Avoid CE when:
DX is RED (even if rising)
✅ PE Logic (optional):
DX rising
Price falling
DX RED + below VWAP
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.