Directional Movement Index (DMI)

Coinrule Pro

Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions. However, before you can safely trade sideways, you have to identify the most suitable market conditions. The main features of such strategies...

Hotchachachaaa Premium

This Indicator uses the Relative Strength Index, On Balance Volume, and ADX to identify viable trading trends. A quick description of what is on display: 1.) Green Triangle = OBV crossing over OBV MA 2.)Red Triangle = OBV Crossing under OBV SMA 3.) The background coloring between the RSI Oversold and Overbought Values has multiple conditions. ----It...

Threefold_Ghost

***************************************************************NO BIAS, NO GUESSING, JUST MATH****************************************************************************************** This script includes open-source code from the following author: LonesomeTheBlue Thank you for publishing your work This script was modified to enhance previous work as well as...

dgtrd Wizard

What is a Pivot Point? A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. A pivot point is calculated based on the high, low, and closing prices of previous trading session/day and support and resistance levels that are projected based on the pivot point calculation as well as type of the...

FriendOfTheTrend Premium

VOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI). ***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar. If the bar and background is colored red, there is more market...

console

ADX and DMI oscillator with the keylevel coded in to the script, set for 23, suggested settings is 23 - 25 any trade with the ADX above the keylevel is a strong indicator that it is trending.

PineCodersTASC Premium

█  OVERVIEW Presented here is code for the "Directional Movement w/Hann" indicator originally conceived by John ​Ehlers. The code is also published in the December 2021 issue of Trader's Tips by Technical Analysis of Stocks & ​Commodities (TASC) magazine. Ehlers continues here his exploration of the application of Hann windowing to conventional trading...

Travelling_Trader Premium

1 x ADR Movement Calculated on the Asian Session - Times can be altered to suit your parameters Daily Target is set High from low of Asian Range and Low from High of Asian Range 0-3X ADR Calculated and Displayed from a point you select for the following days targets - can be set Bearish or Bullish and ADR parameters can be altered Imbalance Finder - Can be...

jadamcraig Pro+

This is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same...

IronCasper

This is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend...

montesinoalex

Indicator signs -Buying or selling signal on screen -RSI in overbought or oversold -Stoch overbought or oversold "Risk adjustment" The expected profit is 30pips positive. Adjust risk by 30pips indicator consisting of Stoch 14, 6, 6 Rsi 14 Dmi 20, 5

informanerd

A simple indicator of trend by using 3 EMAs of multiplies of 2, 5 and 10, filtered by standard positive/negative directional movements (DM) which are the base of Average Directional Index (ADX). The "Trend Strength" option is included to set the EMA multipliers and also the variation between DM+ and DM- which interpret the trend as a weak or a strong one. Note...

dgtrd Wizard

Elder-Ray Bear and Bull Power Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing...

UnknownUnicorn20967364

This is one of many new strategies coming soon which were seen on Trade Rush This one is the ADX / RSI Strategy seen here: https:www.youtube.com/watch?v=uSkGE0ujyn4 While the strategy has been modified slightly to use the DMI instead of the ADX, the core of the strategy is essentially the same Long signals are generated when the RSI is above 70, close is...

millerrh Pro+

This strategy takes the ADX Indicator I wrote and applies it to a strategy for back testing purposes. I've also applied a date filter so you can back test specific date ranges and a moving average filter so you can choose whether to filter your longs/shorts based on a moving average.

dman103 Premium

As promised a strategy of my DMI Modified indicator! (See link below for indicator). === How does it work? === Instead of plotting the positive direction of +DI and negative direction for -DI, we subtract the +DI with the -DI on scales of 100 to -100. The result is plotted with a oscillator to identify the current trend. DMI Modified supports multiple moving...

GeertVD

Edit of the popular script by @TraderR0BERT New features: - horizontal colored areas, indication weak/medium/strong trend - vertical bars, signaling trend/momentum changes - DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)

OskarGallard

Moving Average Convergence Divergence – MACD The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of...