PROTECTED SOURCE SCRIPT
Updated Geek's DMI V2
A significant improvement over traditional DMI and an improvement over my previous DMI tweak.
Example: the red circle is the trend reversal area. Traditional DMI in the middle is slow & ADX in purple often confuses first time users.
My tweaked DMI at the bottom is basically a a slight visual modification of the middle ADX so both perform the same.
The white box shows that distribution is occuring at the topand the V2 DMI quickly shifts in reaction to price but old style DMI lags and missed 50% of the move.
For best results I suggest using this on the daily time frames with Heikin Ashi (even less false reads)
Give it a go and a like if this was useful to you.
Example: the red circle is the trend reversal area. Traditional DMI in the middle is slow & ADX in purple often confuses first time users.
My tweaked DMI at the bottom is basically a a slight visual modification of the middle ADX so both perform the same.
The white box shows that distribution is occuring at the topand the V2 DMI quickly shifts in reaction to price but old style DMI lags and missed 50% of the move.
For best results I suggest using this on the daily time frames with Heikin Ashi (even less false reads)
Give it a go and a like if this was useful to you.
Release Notes
+ level line (you can set this in the "style" tab.Release Notes
Examples to be reapplied.Release Notes
Examples have been reapplied.(accidentally erased with previous update)
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.