OPEN-SOURCE SCRIPT
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
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
Script de código aberto
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Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.