StableF-AdxThe script is ADX-DMI modified verison
-Adx is labeled as Weak trend Below 25 and strong Trend above 25
-Hline is drawn at 25 for better clarification of crossover above 25
-Wait for crossover in +dmi and -dmi and to cross above 25 for any trend clarifcation
-crossover i.e upside cross of +dmi over -dmi is shown buy UP shape
-crossunder i.e downside cross of +dmi over -dmi is Shown buy DN shape
--disclaimer --This is just modified version of Bulit in ADX_DMI indicatior \ NOT advised for buy / Sell purpose
DMI
ADX DINGUE v5This is the updated script for PinceScrip V5
3x DMI and ADX indicator into 1.
You can turn on and off all 3x DMI and all 3x ADX and or customize their settings manually.
I also added my 3 line system, which is a homemade calculation from the DMI lines (P+N), and instead turns them into a single line.
There are also several options for histogram, ADX line, crosses, colors, overextended ...
---------------------
In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions.
I hope you like my indicators and that they help your trading.
If you have any questions please ask.
Thank you.
Didi Index PlusAbout this indicator (translation to Portuguese on the second half of the description):
The indicator follows the way Didi Aguiar teaches his trading system. Didi Aguiar is an old school Brazilian trader with over 40 years experience, who created the Didi Index and the famous agulhadas - or how I like to say in English: threads in the needle, an explosive price movement.
This version of the Didi Index adds what matters about DMI/ADX, Stochastic and TRIX to the regular Didi Index indicator.
The lines indicate alert and confirmations:
BLUE line crossing UP white line - BUY alert
PINK line crossing DOWN white line - BUY confirmation
Simultaneous Buy Alert and Confirmation = BUY AGULHADA.
BLUE line crossing DOWN white line - SHORT alert
PINK line crossing UP white line - SHORT confirmation
Simultaneous Short Alert and Confirmation = SHORT AGULHADA.
The background color changes according to the way Didi Aguiar reads the DMI and ADX.
Blue = Up trend
Bright Blue = Accelerating up trend
Purple = Down trend
Bright Purple = Accelerating down trend
Change from bright to dark color = ADX's bounce.
No coloured background = no trend.
The triangles on the top and bottom of the chart are the exit indicators.
They appear every time the Fast Stochastic and TRIX are in agreement:
Triangle on TOP of the chart means to EXIT LONG position.
- TRIX is selling and Stochastic just gave the sell signal; OR
- Stochastic is selling and TRIX just gave the sell signal
Triangle on BOTTOM of the chart means to EXIT SHORT position.
- TRIX is buying and Stochastic just gave the buy signal; OR
- Stochastic is buying and TRIX just gave the buy signal
Use this indicator with Bollinger Bands or other volatility indicator.
Not recommended for color-blind people :)
-----------------------------------------
Esse indicador segue a maneira que Didi Aguiar ensina o seu "trading system". Didi Aguiar é um trader velha-guarda com mais de 40 anos de experiência, que criou o Didi Index e as famosas Agulhadas, um movimento the preço explosivo.
Essa versão do Didi Index inclui o que interessa sobre outros três indicadores que o Didi usa em seu sistema: DMI/ADX, TRIX, e Estocástico.
As linhas indicam alerta e confirmação para o trade:
Linha AZUL cruzando a linha branca de BAIXO PARA CIMA - Alerta de compra
Linha ROSA cruzando a linha branca de CIMA PARA BAIXO - Confirmação de compra
ALERTA e CONFIRMAÇÃO de compra simultaneos = AGULHADA DE COMPRA
Linha AZUL cruzando a linha branca de CIMA PARA BAIXO - Alerta de venda
Linha ROSA cruzando a linha branca de BAIXO PARA CIMA - Confirmação de venda
ALERTA e CONFIRMAÇÃO de cenda simultaneos = AGULHADA DE VENDA
A cor do fundo muda de acordo com a maneira que o Didi lê o DMI e ADX
Fundo AZUL = Tendencia de compra
Fundo ROXO = Tendencia de venda
Cor mais saturada (vibrante) = Tendencia acelerante
Passou de cor mais clara para mais escura = Kick do ADX
Sem coloração de fundo = Sem tendencia
Os triângulos brancos na parte de cima e de baixo do indicador sinalizam a saida do trade.
Aparecem todas a vezes que o Etocastico e o TRIX ficam de acordo.
Triangulo na parte de CIMA sinaliza a SAÍDA da COMPRA.
- TRIX está vendido e o Estocástico acabou de vender; OU
- Estocástico está vendido e o TRIX acabou de vender
Triangulo na parte de BAIXO sinaliza a SAÍDA da VENDA.
- TRIX está comprado e o Estocástico acabou de comprar; OU
- Estocástico está comprado e o TRIX acabou de comprar
Use esse indicador em conjunto com as Bandas de Bollinger ou outro indicador de volatilidade.
Não é indicado para pessoas que sofrem de daltonismo :)
Didi index setupBeta version of the Didi setup combo - (almost) everything in one single indicator:
Didi index + DMI + TRIX + Stochastic.
Better description on how to use and color customization to come in next versions.
Enjoy!
Ehlers Directional Movement Hann Window Indicator [CC]The Directional Movement Hann Window Indicator was created by John Ehlers (Stocks and Commodities Dec 2021 pgs 17-18) and this is his updated version of the classic Directional Movement indicator created by J. Welles Wilder. Ehlers uses the Hann Window Filtering after using an exponential moving average to smooth the classic directional movement indicator. This helps significantly with the lag and lack of smoothing which are both issues with the classic indicator. I have included strong buy and sell signals in addition to the normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
ADX Heatmap & Di's + Fib Referencial by [JohnnySnow]For quicker and easier interpretation, ADX line is displayed in a heatmap style. The more absolute difference between both DIs, the more intense the color.
Because some people use 20 ADX reference and others use 25 ADX reference to confirm the trend, I just add both as reference lines in a 'golden box'
Additionally, reference lines were added with default values set to Fib levels
10X Market DirectionMy interpretation of John Carter's popular Simpler Trading 10X Bars indicator. Now you can see directional market strength for a variety of key futures , indices and industry groups for quick comparison with individual stocks.
Momentum is displayed to quickly see the quality and strength of a trend based on a calculation of the Directional Movement Index (DMI). The DMI is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The DMI is calculated by comparing prior highs and lows and produces 2 measurements illustrating the strength of the current trend:
-> a positive directional movement line ( +DI ); and
-> a negative directional movement line ( -DI ).
The average directional index ( ADX ) measures the strength of the current trend, either +DI or +DI ; a reading above 20 typically indicates a strong trend.
-> Green bars indicate an uptrend i.e. when +DI is above -DI and ADX is greater than 20 - there is more upward pressure than downward pressure in the price;
-> Red bars indicate a downtrend i.e. when -DI is above +DI and ADX is greater than 20 - there is more downward pressure on the price; and
-> Yellow bars indicate no strong directional trend and potential for a reversal.
This indicator should compliment other popular indicators, as confirmation whether to stay in a position or not.
10X Bars - Directional TrendsMy interpretation of John Carter's popular Simpler Trading 10X Bars indicator.
Momentum is displayed to quickly see the quality and strength of a trend based on a calculation of the Directional Movement Index (DMI). The DMI is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The DMI is calculated by comparing prior highs and lows and produces 2 measurements illustrating the strength of the current trend:
-> a positive directional movement line (+DI); and
-> a negative directional movement line (-DI).
The average directional index (ADX) measures the strength of the current trend, either +DI or +DI; a reading above 20 typically indicates a strong trend.
-> Green bars indicate an uptrend i.e. when +DI is above -DI and ADX is greater than 20 - there is more upward pressure than downward pressure in the price;
-> Red bars indicate a downtrend i.e. when -DI is above +DI and ADX is greater than 20 - there is more downward pressure on the price; and
-> Yellow bars indicate no strong directional trend and potential for a reversal.
Volume spikes 50% above average volume are then flagged as dots at the bottom of the chart (although you can change this location), confirming the momentum further.
This indicator should compliment other popular indicators, as confirmation whether to stay in a position or not.
ADX Screener// Identify potential trend reversals using ADX on up to 40 crypto assets.
// ADX shows the strength of a trend, not the direction.
// By monitoring the difference of ADX values between candles, you can potentially identify reversals before they happen.
// A strong trend has a 14 period ADX slope increasing .5 or more from the prior candle.
// At a minimum, a weak trend has a 14 period ADX slope of +.25 or less, and strictly it would be decreasing.
// This indicator prints one row for each asset with three columns for ADX differences one candle back each.
// The asset name is colored green or red dependent on whether +DI > -DI or not.
The market was in a down trend (-DI > +DI).
A bullish wave moved price up to EMA 8 resistance with strong ADX momentum (ADX diff of prior candle >= 0.5).
A Spinning Top showed that the trend was losing momentum (ADX diff lower than previous candle, showed the bullish wave losing momentum).
A Morning Star bearish reversal pattern draws resistance at the high of the pattern. (ADX Bullish momentum exhausted).
Symbol: -DI > +DI
2: Strong momentum
1: Losing momentum (spinning top)
0: Trend reversal (bearish engulfing pattern)
ADX + DMI with Fill and CrossoverBetter visuals for the ADX/DMI technical indicator.
I filled the DI+ and DI- with color to easily track the trend. Also, I added shapes (+) / (x) once the DI+ and DI- crossover each other.
You can also set two horizontal lines so you can easily track where the ADX value is at.
DMI & ST DEV zone intersection [LM]Hello Traders,
This indicator uses two indicators st dev extremes and DMI extremes and visualize intersection of both indicators extreme zones using crosses. It means where cross is rendered intersection of extremes has occurred.
The standard deviation uses the same calculation as my Standard deviation zones Support & Resistance indicator, DMI indicator measures both the strength and direction of a price movement. I am using both indicators to find the intersection of extreme zones between them.
ST DEV settings:
source
tops setting
bottom setting
DMI settings:
length settings
extreme zone setting
Enjoy,
Lukas
Sideways Strategy DMI + Bollinger Bands (by Coinrule)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 are:
Short-term trades, with quick entries and quick exits
Slightly contrarian and mean-reversionary
Require some indicator that tells you it’s a sideways market
This Sideways DMI + Bollinger Bands strategy incorporates such features to bring you a profitable alternative when the regular trend-following systems stop working.
ENTRY
1. The trading system requires confirmation for a sideways market from the Directional Movement Index (DMI) before you can start opening any trades. For this purpose, the strategy uses the absolute difference between positive and negative DMI, which must be lower than 20.
2. To pick the right moment to buy, the strategy looks at the Bollinger Bands (BB). It enters the trade when the price crosses over the lower BB.
EXIT
The strategy then exits when the move has been exhausted. Generally, in sideways markets, the price should revert lower. The position is closed when the price crosses back down below the upper BB.
The best time frame for this strategy based on our backtest is the 1-hr. Shorter timeframes can also work well on certain coins that are more volatile and trade sideways more often. However, as expected, these exhibit larger volatility in their returns. In general, this approach suits medium timeframes. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
You can execute this strategy on your favourite exchange at coinrule.com.
ADXI + DMI Performance - TradingEDThis case study is based on a previous ADX + DM study, but with three different counts to compare different trends. The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level, from beginner to intermediate and advanced .
Key components of the original indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI.
Main functions of this modified indicator:
1) You can select the type of MOVING AVERAGE, among many available options ( SMA , EMA , DEMA , HMA , etc.)
2) The SOURCE for the counts can be determined by the trader (close, open, etc).
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES, HOURS or DAYS, depending on your trading style.
4) LENGTH, by default it will be loaded as in the STRATEGY, but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red.
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE, you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) You can select the color for ADX and for DMI, with the colors that best suit you.
b) The CROSSOVER/CROSSUNDER signal between DI+ and DI- can also be customized. *
c) For any type of SIGNAL, it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH, with the colors that best suit you. *
* By default, they are marked as red for downtrends and green for uptrends.
Keltner Channel + DMI + EMA Strategy @DaviddTechThis strategy is a long only strategy that evolves 3 main indicators.
It is optimised for ETH USDT and LONG ONLY
Long positions :
* EMA 50 is above the EMA 400 to define our trend direction.
* Price breaks above the upper band of the the Keltner Channel.
* Confirmation is found with the DMI + being over the DMI -
Other indicators :
ADX set to above 20
The TP I put at 20% and I use Multiple TP levels.
If the price crosses and closes below the Keltner Channel lower band I close the trade.
WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colours.
CryptoNite - Machine Learning Strategy (15Min Timeframe)Greeting Traders! I am back with another ML strategy. :D I kept my word with combining my machine learning algorithms from Python and integrating them into Tradingview. Thanks to Tradingview's new release of Pinescript v5 it is now possible. This strategy respects the Sortino Ratio and was created using 2 years of data for 50 different cryptocurrencies. That is a total of 100 years of data and 44,849 trades to create this strategy. Now let me tell you, my computer and I are exhausted. We both been at it non-stop for about two months everyday. I refine the strategy, and the computer runs 24/7 for a few days to spit out the best results into the terminal. It's been a good run so my computer will finally get some sleep tonight.
So let's talk a little about the features of the strategy. In the settings window, you'll see the Stoploss, Take Profit Parameters, and Date Range. You can change the Date Range, but I recommend to leave the SL/TP parameters how they are because the machine learning algo chose those input. If you wish to change them you are always welcome to do so but backtest results will change. For the Take Profit parameters you'll see on the left side you something labeled time duration(displayed in minutes) and on the right side you'll see take profit values. Let's talk a little bit how they work.
TP_values = {
"0": 0.102,
"133": 0.051,
"431": 0.039,
"963": 0
}
In python, the table looks like this but it is quite easy to understand in Tradingview.
From 0-133 minutes, the strategy is looking to the reach target point 1 at 10.2% profit.
From 133-431 minutes, the strategy is looking to the reach target point 2 at 5.1% profit.
From 431-963 minutes, the strategy is looking to the reach target point 3 at 3.9% profit.
From 963+ minutes, the strategy is looking to break even at 0% profit on target point 4.
Through each target point a sell trigger is active. It will look for the best time to sell even if TP has not been reached.
This helps the trade not stay open too long.
The last thing I need to mention is the textbox displayed on the right side of your chart. This textbox displays the current Take Profit value in dollar amount. So when you're in a trade you'll know what TP target has to be reached when the open trade is active. Throughout time, the target price changes depending how long the trade has been open. If you have any questions feel free to comment down below, and enjoy this strategy!
Cunupia Capital DMI OscillatorOscillator for DMI, it allows you to see the difference in percentage with the different DMI lines, positive and negative and it's strength.
MACD PlusMoving 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 indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Added Color Plots to Settings Pane.
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature.
Added Ability to Turn ON/OFF Show MacD & Signal Line.
Added Ability to Turn ON/OFF Show Histogram.
Added Ability to Change MACD Line Colors Based on Trend.
Added Ability to Highlight Price Bars Based on Trend.
Added Alerts to Settings Pane.
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert.
Alerts are Pre-Set to only Alert on Bar Close.
Added ability to show Dots when MACD Crosses.
Added Ability to Change Plot Widths in Settings Pane.
Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default).
Squeeze Pro
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength
Label :
Displaying the trend strength and direction
Displaying adx and di+/di- values
Displaying adx's momentum (growing or falling)
Where tooltip label describes "howto read colored dmi line"
Ability to display historical values of DMI readings displayed in the label.
Added "Expert Trend Locator - XTL"
The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
DMI Trade Zone [Alorse]Through the DMI Trade Zone you can find safe areas to trade in the Spot market.
The logic behind the indicator is:
- If the Positive Directional Movement (+DI) is greater than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be green with an opaque white background.
- If the Positive Directional Movement (+DI) is less than the Negative Directional Movement (-DI) then the Average Directional Movement Index (ADX) will be red.
MACD + DMI Scalping with Volatility Stop by (Coinrule)Trend-following strategies are cool because they allow you to catch potential high returns.
The main limit of such strategies are:
False signals > the asset is not experiencing a strong trend. The strategy gets stuck with a sideways move or, worst, with the beginning of a downtrend.
The sell signal may come later than the actual top, leading in some cases to turn a trade in profit into a loss.
This strategy tries to address these limitations to develop a trading system that optimises the entry and closes trade once the profit achieves a pre-set level.
ENTRY
The trading system uses the MACD and the DMI to confirm when is the best time for buying. Combining these two indicators prevents trading during downtrends and reduces the likelihood of getting stuck in a market with low volatility.
The system confirms the entry when:
The MACD histogram turns bullish.
When the positive DMI is greater than the negative DMI, there are more chances that the asset is trading in a sustained uptrend.
EXIT
The strategy comes with a fixed take profit combined with a volatility stop, which acts as a trailing stop to adapt to the trend's strength. Depending on your long term confidence in the asset, you can edit the fixed take profit to be more conservative or aggressive.
The position is closed when:
The price increases by 3%
The price crosses below the volatility stop.
The best time frame for this strategy based on our backtest is the 3-hr . The 4-hr can work well. In general, this approach suits medium to long term strategies
The strategy assumes each order to trade 30% of the available capital to make the results more realistic. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
DMI - VisualBasically, when the background is:
White = no defined direction
Light blue = up.
Dark blue = well defined up
Light red = down
Dark red = well defined down
Blue/red centered circle = change of direction
Red circle on top = possible short entry
Blue circle at the bottom = possible long entry
//Português
Basicamente, quando o fundo é:
Branco = sem direção definida
Azul claro = alta
Azul escuro = alta bem definida
Vermelho claro = baixa
Vermelho escuro = baixa bem definida
Círculo azul/vermelho centrado = mudança da direção
Círculo vermelho no topo = possível entrada de short
Círculo azul na parte inferior = possível entrada de long
Ultimate RSI Strategy [PrismBot] [Lite]Included in this Ultimate MACD Lite Strategy:
✔️ Tweak a multitude of specific settings (MA lengths, R:R, SL distance etc)
✔️ Enable advanced setup filters
✔️ Use money management and risk calculations
✔️ Draw trade info directly to chart (eg. SL size in percent, win rate etc)
✔️ Use various filters (eg. time filter, date filter, MA slope angle etc)
✔️ Manage risk per position when auto-trading forex through AutoView
✔️ Choose from various alert conditions!
✔️ Sync to any bot or algorithmic trading system
Some details about this strategy:
There are several strategies that people use for the RSI , and one of my favorites is very different than one you have probably heard from every online RSI strategy source.
In order to compliment the RSI , there is also a built-in ADX / DMI strategy (per our All-In-One strategy on my profile as well) and you will also find a Global Trend filter (200 EMA by default).
You can also use a pullback confirmation prior to a trade entering. I.E., you have the RSI signal, wait for a pullback to the pullback EMA , and then the strategy will enter a trade.
You can easily enable and disable strategies using the checkbox.
This strategy incorporates a risk to reward system where the user can select between ATR and Percent based stop losses and take profit targets. This means that the user has much better control over money management when utilizing this strategy and it doesn't require you to babysit the strategy to ensure it's entering and existing strategies in an ideal place.
ADX / RSI Strategy by Trade Rush (created by SirPoggy) 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 above the 200EMA, and the ADX is above 25 (added is the plus DMI over 25 and minus DMI below 20)
Stop loss is placed below /above the 21 EMA, however, there is a deviation required to ensure price is not too close to where a stop loss would be placed.
Short signals are generated when the RSI is below 30, close is below the 200EMA, and the ADX is above 25 (added is the minus DMI over 25 and plus DMI below 20)
I do not recommend using this strategy but I have provided this code for educational purposes.
Thanks!
Let me know which strategy you'd like coded next in the comments below.
Multiple Oscillator Crossing - TradingEDThis case study is based on different previous studies: ADX Triple , MACD Triple & RSI Triple , with three different counts to compare different oscillations of each indicator. Actually, this indicator is complementary to those previously mentioned . The use of this indicator is restricted to private use, and it can be used only by invitation. Different functionalities have been added to the original codes, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level , from beginner to intermediate and advanced .
Key components of the original ADX indicator:
• The DIRECTIONAL MOVEMENT INDEX (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals.
• The DMI uses two standard indicators, one negative ( -DI ) and one positive ( +DI ), in conjunction with a third, the AVERAGE DIRECTIONAL INDEX ( ADX ), which is non-directional but shows momentum.
• The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down.
• ADX measures the strength of the trend, either up or down; a reading above 20 indicates a strong trend.
ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two DMI lines, from which ADX is derived. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell, theay are the main trade signals. A long trade is taken when the +DI crosses above the -DI and an uptrend could be underway. Meanwhile, a sell signal occurs when the +DI instead crosses below the -DI.
Key components of the original RSI indicator:
● The Relative Strength Index ( RSI ) is a popular momentum oscillator developed in 1978.
● The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset's price.
● An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.
It is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to assess overbought or oversold conditions in the price of an asset. The RSI is displayed as an oscillator (a line chart moving between two extremes) and can read from 0 to 100. Overbought does not necessarily mean that the price will reverse lower, just as oversold does not mean that the price will reverse higher. Rather, the overbought and oversold conditions simply alert traders that the RSI is near the extremes of its recent readings.
Key components of the original MACD indicator:
● The Moving Average Convergence Divergence ( MACD ) is calculated by subtracting a long period (26) Exponential Moving Average ( EMA ) from a short (12) period EMA .
● MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
● The speed of crossovers is also taken as a signal of a market is overbought or oversold.
● MACD helps traders to understand whether the bullish or bearish movement in the price is strengthening or weakening.
It is a momentum indicator that follows the trend and shows the relationship between two moving averages of the price of a security. It can function as a trigger for buy and sell signals, when you cross above (to buy) or below (to sell) your signal line. It helps to understand if the movement is bullish or bearish , if it is getting stronger or weaker. The further the MACD is above or below its baseline, it indicates that the distance between the two EMAs will be growing, often shown with a histogram that graphically represents the distance between the MACD and its signal line, and It is used to identify when the bullish or bearish momentum.
Main functions of this modified indicator:
1) The SOURCE for the counts can be determined by the trader (close, open, etc).
2) In some cases, you can select the type of MOVING AVERAGE , among many available options ( SMA , EMA , DEMA , HMA , etc.)
3) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards , or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style.
4) LENGTH , by default it will be loaded as in the STRATEGY , but considering the previous point, you can modify it according to your convenience.
5) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: BULLISH green, BEARISH red. *
6) You have the option to hide or show INDICATORS or SIGNALS based on EACH OSCILLATION .
Main performance functions of this modified indicator:
I) In the case of the PERFORMANCE that appears at the right of the chart, you have the option to adjust the WIDTH of each box.
II) The TEXT of the PERFORMANCE is not modifiable, but you can customize the default color. *
III) The BACKGROUND of the PERFORMANCE , you can customize the default color. *
IV) You have the option to hide or show a PERFORMANCE that appears at the right of the chart.
Main functions to customize the style of this indicator:
a) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. *
b) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. *
c) When you have a SHORT SIGNAL or a LONG SIGNAL , you can change the EMOTICON that comes by default. **
* By default, they are marked as red for downtrends and green for uptrends.
** By default, they are marked with an emoticon indicating the possible direction of the price, down if it is bearish or up if it is bullish .
