OPEN-SOURCE SCRIPT
ADX-DI MTF trend buffer - JD
Atualizado
The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum
the indicator was optimised for use with HA-candles, but works with regular candles as well
and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines
a threshold mask can be shown or omitted as preferred
version 3. the indicator is now plotted relative to the 200 ema and can be seen as a "buffer" against price reversal
The timeframe of the indicator can be the current one or custom selected but gives better visual information if a longer timeframe than the current one is used.
The colors can be changed to fit with "Dark mode" or "Light mode"
a scaling option is available to downscale the trend indication relative to the price bars
JD
the indicator was optimised for use with HA-candles, but works with regular candles as well
and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines
a threshold mask can be shown or omitted as preferred
version 3. the indicator is now plotted relative to the 200 ema and can be seen as a "buffer" against price reversal
The timeframe of the indicator can be the current one or custom selected but gives better visual information if a longer timeframe than the current one is used.
The colors can be changed to fit with "Dark mode" or "Light mode"
a scaling option is available to downscale the trend indication relative to the price bars
JD
Notas de Lançamento
Code cleanup.Notas de Lançamento
Small code adjustments.Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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