PROTECTED SOURCE SCRIPT
Diretional Movement RSI [victhoreb]
DM-RSI is a custom indicator that fuses the strengths of the Directional Movement Index (DMI) with an adaptative version of Relative Strength Index (RSI) to offer a unique perspective on market momentum and trend direction. Here's how it works:
- Overbought/Oversold Conditions: With configurable overbought and oversold thresholds (defaulted to 75 and 25 respectively), DM-RSI highlights potential reversal zones. When the indicator moves into these extremes, it can signal that the market may be overextended and ripe for a change in trend.
- Customization and Versatility: Users can adjust both the DM period and the RSI period to tailor the indicator to different timeframes and market conditions, making it a versatile tool for both trend-following and contrarian strategies.
Overall, DM-RSI helps traders identify strong trends, confirm market momentum, and pinpoint potential reversal points, providing an integrated tool for more informed trading decisions.
- Overbought/Oversold Conditions: With configurable overbought and oversold thresholds (defaulted to 75 and 25 respectively), DM-RSI highlights potential reversal zones. When the indicator moves into these extremes, it can signal that the market may be overextended and ripe for a change in trend.
- Customization and Versatility: Users can adjust both the DM period and the RSI period to tailor the indicator to different timeframes and market conditions, making it a versatile tool for both trend-following and contrarian strategies.
Overall, DM-RSI helps traders identify strong trends, confirm market momentum, and pinpoint potential reversal points, providing an integrated tool for more informed trading decisions.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.