Directional Movement Index (DMI)

eykpunter

This is my take on the script by RedK I kept the algorithm exactly the same, but changed the layout and the default look back period. Most important is that the resulting line, the TPX, is now a histogram with green and red staves. To put the histogram on a logical place in the...

xinolia

It is an indicator that makes it easy to understand the change of ADX by adding a moving average to the famous indicator ADX. Since ADX and DI have a part where the calculation formula of DI + and DI- is fixed to one bar, there was a problem that it does not make much sense to increase the length. The biggest feature of this indicator is that it allows you to...

J-Streak

So I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here . The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double...

Jesse.Lau

This script is changed from the classic DMI. I add 4 colors and setup two alerts as well. - +DI cross up -DI is a long signal - +DI cross down -DI is a short signal - ADX keeps increasing means strong trend - ADX keeps decreasing means swing

dgtrd

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...

FmUbRJWXPK

This indicator is a variation of the default DMI indicator, the main difference being that the signals are smoothed by SMAs. It also has additional bullish (green) and bearish (red) background coloring which would be noisy on a standard DMI indicator. If both lines converge it is bullish, otherwise bearish. Increase / decrease the threshold should you want more...

dgtrd

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...

jadamcraig

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...

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...

trading.kay27

This is the second version of Kay_BBands. But this is infused with ADX. When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 20 is the default but can be set to 25. When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions. Use it with...

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.

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

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)

millerrh

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.

dgtrd

Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. They have their origins in the centuries-old Japanese rice trade and have made their way into modern day price charting. It’s important to note that candlestick patterns aren’t...

HPotter

Demarker is an indicator similar to DM+ developed by Welles Wilder. The DM+ (a part of Directional Movement System which includes both DM+ and DM- indicators) indicator helps determine if a security is "trending." The differences between the indicators are in the somewhat different calculation methods.

TheLark

There is a nice writeup about a system that uses DMISTO here, which includes decent statistics: traderedge.net I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play...