Wolfs ADX + DII have created an alternative visualisation of the ADX + DI indicator created by MasaNakamura, credits to them for providing the source code! :-)
The histogram represents the distance between the DI+ and the DI-. The crossing of the histogram is equal to the crossing of the DI lines.
The ADX line is coloured based on the threshold.
This creates a clean representation of the ADX + DI.
ADX
[PX] ADX BoxesHello guys,
today I would like to share an indicator that I had in my mind for quite some time. I call it ADX Boxes.
How does it work?
What the indicator does is very simple. Whenever the ADX falls below a certain threshold (which can be managed in the user input settings) a box will appear. The box will continue to grow as long as the ADX stays below the threshold. Once the ADX goes back above the threshold, the box will stop growing and will set its right border.
There are two modes, which can be used to determine the upper and lower border of the box. The first one is called "Extremes", which plots the borders the highest high and lowest low for the range below the threshold. The second one is called "Avg. High/Low", which plots the borders at the average high and average low within the range.
Furthermore, the indicator contains an option to show the average value of the detected range below the ADX threshold.
Just like all my other indicator scripts, this one comes with different styling options for boxes in progress, settled boxes and the average value.
Hopefully, some of you find it useful.
Make sure you leave a follow and a like :)
Happy trading!!
DMI + ADX + OBVThis trend following indicator is made up of 3 parts.
A normalized (OBV) On Balance Volume (the gray line) which ranges between -100 and 100 and has a 55 period SMA overlayed (the orange line) to give an indication of the overall trend as far as volume goes.
- If the volume decreases without a drop in price, it might indicate a move down.
- If volume increases without a rise rise in the price, it might indicate a move up.
The (DMI) Directional Movement Indicator which shows the strength of the bulls versus the bears.
- The red line measures how strongly price moves downwards.
- The green line measures how strongly price moves upwards.
One way to trade this is on crossovers e.g.when the green line crosses the red; although it's best to combine this with another indicator or pattern for confirmation.
Another useful feature of the DMI is the ability to see strength of buyers and sellers pressure at the same time, acting as a confirmation before entering a trade.
The third way to use the DMI is when price makes a new high but the green line does not. (Or the price makes a new low and the red line doesn't) This is known as divergence and should act as a warning to tighten your stops or take profits because it signals a possible change of direction.
The last part of the indicator is the (ADX) Average Directional Index
This is the blue line and shows the strength of the trend regardless of direction. This can act as a confirmation for the DMI or other indicators in your trading system.
When the blue line is:
- above the green shaded area there is an extreme trend.
- in the green shaded area there is a very strong trend.
- in the yellow shaded area there is a strong trend.
- below the yellow shaded area there is no trend.
RedK_Directional Index / K xDMIHere's a modern take on the famous DMI/ADX. i first wrote this on another platform few years ago, so i'm happy to be able to share it on TradingView
quick refresher: what does DMI/ADX tell us:
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in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index ( +DI ) which represents how much the bulls are able to push the high of a bar compared to previous one, the Minus Directional Index ( -DI ), showing how much the bears are able to push the low of a bar from previous one, then the Average Directional index ( ADX ) line, which creates an oscillator of the +DI and -DI to represent the strength of a trend -- usually the lines will be colored accordingly (bulls = green, bears = red, and any different color for the ADX )
Similar to my version of the RSI , we take a classic concept, then use the computing and visualization "super powers" available to us today, to extend and improve on what those masters created in the past. I guess they sort of expected us to do exactly that :)
this "extended" version of DMI/ADX provides couple of highly needed features (in my opinion) -- let's explore:
trying as much as possible to avoid jargon - pls forgive me if i failed in some places.
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1 - the big change: the ability to visualize the ADX in a way that makes some more sense.
- the original calculation restricted the ADX to oscillate below zero - i'm sure they had a good reason to build it that way in the past - but to me, it becomes super hard to interpret what the ADX line means, especially when a negative trend (the bears) take over. by removing that restriction and allowing the ADX to oscillate up or down (and we're free to do that, so the indicator shows *us* what *we need* to see), we end up with an improved representation of the trend and the trend strength.
- also the original calculation applies a moving average (default 14 bars) of a moving average (another 14 of the Directional Indexes, which represent the strength of bulls vs bears) to calculate the ADX - that makes the ADX very "removed" from the base price values - i change that, and just smooth the initial +Di / -Di then calculate the ADX from there. again, this shows me the outcome of the (relatively) immediate moves.
2 - i use weighted average WMA () in all my averaging calculations .. i believe this type of average is the best to express the importance of recent days / bars vs the ones further in the past, compared to other averaging techniques
3 - ability to make the DMI volume-weighted .. but contrary to my RSI , this is not set by default.
4 - couple of options to view the unrestricted ADX (as an area or as histogram/columns .. which i call Vertical Bars) for improved visualization
other stuff:
5 - a "step" option for the ADX .. you can set the step option to an increment of, say 5 or 10. this is in case you prefer to see the trend more in "quality" terms - so the equivalent of weak, medium, strong, v. strong...etc -- since in reality, a number like 47.7683 doesn't really mean anything specific
6 - optional "strong trend" adjustable level
Settings & usage suggestion:
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i prefer to use the defaults (length = 7, smoothing = 3, ..etc) -- i believe these are more suitable to the much faster trading that we have now. you can review the comparison chart and see if this works for you, and adjust as you need.
from a "signal" standpoint, you can use the xDMI as you use the classic DMI/ADX, bulls (or bears) are in control when the corresponding DI line crosses the other going up, *AND* moving above the "strong trend" level that you can set as an extra filter (usually a value between 20 to 30), while ADX will show the quality/strength of the trend.
i suggest you also utilize this indicator with other trend / momentum confirmation methods, and additional analysis and not in isolation - as well as inspecting the prevailing / longer time frame to ensure you're acting in the direction of the broader move / trend.
the above chart includes a side-by-side comparison between our new xDMI with the classic DMI/ADX using the same settings - then we add at the bottom panel also the xDMI, but with my default (faster) settings and showing other visualization options that can be utilized - the Moving Averages on the top / price panel is just to help put the price movement into perspective in terms of trend and trend strength.
The code is open and commented - please feel free to use, share, comment & provide feedback. if you're a DMI fan, and you find this useful in your trading, i would be more than happy to hear about it
Good luck!
[VIP] Multi Timeframe Pivot Support Resistance (MTPSR)MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting.
The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting.
MTPSR has 2 additional boards with BitMex Long and Short Liquidation algorithm, this logic can be used for any ticker especially if you want to have tight control with margin liquidation.
MTPSR provides KDJ charts in cross timeframes with the last 3 candles for every board. The default does not appear, but you can enable it on indicator setting. If Greenline crossover Redline, that is a good position to the long or indicating uptrend. But if Greenline crossunder Redline, that is good position to the short or indicating downtrend.
MTPSR has DI/ADX for every board, DI is a difference between DI+ and DI-, if the value is negative means downtrend, if the value is positive means uptrend.
HOW TO USE
Long Trading
The Support will be a good position to entry
The Resistance will be a good position to take profit
If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening.
Short Trading
The Support will be a good position to take profit
The Resistance will be a good position to entry
If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening, it is not good for short
Scalping Advice
If you scalp in day trading, it is recommended to watch Pivot/Support/Resistance on Timeframes 1D, 4D, and 1W
If the chart is sideways on the 1D pivot and the direction from support to pivot, that means the market wants to have a correction to closer support
If the chart is sideways on the 1D pivot and the direction from resistance to pivot, that means the market wants to have retest to closer resistance before another drop or breakout to continue the rally
Use can scalp on TF 15m or TF30m, the Pivot/Support/Resistance in lower timeframes can be so dynamic, so you have to pay more attention on trading strategy, you can use 2H and 4H Pivot/Support/Resistance as the target
You can also use Liquidation Long/Short boards for scalping trading strategy to take profit or cut lost
ALERTS
Every pivot board has alert which condition: if candle cross over or under support, resistance or pivot even KDJ cross over or under
Every liquidation board has alert which condition: if candle cross over or under every margin level
Example alert title for every board when candle cross over: Over Support TF 1, Over Resistance TF 1, Over Pivot TF 1, KDJ Up TF1
Example alert title for every board when candle cross under: Under Support TF 1, Under Resistance TF 1, Under Pivot TF 1, KDJ Down TF1
Feedback
Please drop a comment or send a direct message for any bugs or request new feature
I dont sell source codes, please not DM me about it
Directional Movement Index with double exponential moving averagThe Directional system is a trend-following method developed by J. Welles Wilder,
in the mid-1970s. It identifies trends and shows
when a trend is moving fast enough to make it worth following. It helps traders to
profit by taking chunks out of the middle of important trends.
Trading Rules
1. Trade only from the long side when the positive Directional line is above the
negative one. Trade only from the short side when the negative Directional line
is above the positive one. The best time to trade is when the ADX is rising, show-
ing that the dominant group is getting stronger.
2. When ADX declines, it shows that the market is becoming less directional. There
are likely to be many whipsaws. When ADX points down, it is better not to use
a trend-following method.
3. When ADX falls below both Directional lines, it identifies a flat, sleepy mar-
ket. Do not use a trend-following system but get ready to trade, because major
trends emerge from such lulls.
4. The single best signal of the Directional system comes after ADX falls below
both Directional lines. The longer it stays there, the stronger the base for the
next move. When ADX rallies from below both Directional lines, it shows that
the market is waking up from a lull. When ADX rises by four steps
from its lowest point below both Directional lines, it “rings a bell” on a
new trend . It shows that a new bull market or bear market is being
born, depending on what Directional line is on top.
5. When ADX rallies above both Directional lines, it identifies an overheated mar-
ket. When ADX turns down from above both Directional lines, it shows that the
major trend has stumbled. It is a good time to take profits on a directional trade.
If you trade large positions, you definitely want to take partial profits.
This particular version uses DEMA (double exponential moving averages) in attempt to catch moves sooner.
unRekt - Dogs of WarThis indicator includes StochRSI, RSI and a double RSI-EMA. By combining StochRSI with the RSI , it becomes very powerful for directional moves. The double EMA-RSI powerful in itself, helps filter out typical noise by showing trend strength allowing for greater profits by holding the trade longer.
200 EMA Filtered Parabolic SARThis script uses Parabolic SAR with the 200 EMA to determine long and short trends. Only long signals are given when the price is above the 200MA and shorts when it is below. Signals are further filtered using ADX to reduce noise.
Suitable for trading bots where open positions in the same type are set to be ignored.
Alerts are built in.
[KICK] Ultimate ADXDMIThis indicator is a version of the ADX and DMI indicators optimized for maximum information conveyance related to trending price action in a compact space.
Use the ADX barchart to determine strength of trend. There are various configurable thresholds for this measurement as well as peak marking within the exhaustion zone. The higher the values in the bar chart, the stronger the trend. Low values indicate non-trending or choppy price action.
Use the DMI line graphs (as well as the color codes on the ADX barchart) to determine trending direction. You can offset the DI+ and DI- lines so that they are not directly on top of the ADX chart. When the DI+ is on top (blue line by default) the trend is up and when the DI- line (yellow by default) is on top the trend is down. The colors of the ADX chart also indicate direction with red indicating down and green indicating up. The "pale" shades indicate a nacent/immature trend, "bright" shades indicate a solid trend, and the "darker" shades indicate a strong trend that is mature. Look for these mature trends to "top out" and have their peaks marked when the trend has exhausted itself (note that the peak indicators will repaint 1-2 candles in the past after the "high" is confirmed).
You can specify up to 3 additional timeframes to monitor in the dot map below the ADX chart that will give you a generalized idea of the trend on those larger timeframes. In these heat maps, the color red indicates a down trend and green an up trend. The brighter colors denote strong trends while the darker colors are weaker. Grey dots in the heat map indicate no strong trend present. Some users actually prefer to turn off the main ADX and DMI visualizations and only display the multi-timeframe heatmap as a way of checking higher timeframe trends before entering their trades.
Use the link below to watch a tutorial video, request a trial, or purchase for access.
Volatility Traders Minds Strategy (VTM Strategy)Volatility Traders Minds Strategy (VTM Strategy)
I found this startegy on internet, with a video explaingin how it works.
Conditions for entry:
1 - Candles must to be above or bellow the 48 MA (Yellow line)
2 - Candles must to break the middle of bollinger bands
3 - Macd must to be above or bellow zero level;
4 - ADX must to be above 25 level
Credits to who developed this startegy (google it).
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
[PX] ADX and DI v4Hey guys,
I recently used the "ADX and DI" indicator in a variety of my own scripts. Because I keep on developing version 4 scripts and the "ADX and DI" indicator is developed in one of the previous PineScript versions, I had to update the old script every time I wanted to use it. I decided to publish the updated version and also changed a few things:
- ADX color is now orange
- Instead of plotting the DI+ and DI- lines, it's filling the space between the two (can be changed in the "style"-section)
Maybe some of you find it useful. If so, leave a like or follow :)
Happy trading,
paaax
P.S: The original indicator was developed by the user @MasaNakamura. Thanks for your great work!
SuPeR-RePaNoCHa #2TP#This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ...
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RANGE FILTER
-ADX
-PARABOLIC SAR
-RSI + VOLUME WEIGHTED
-MACD
-VOLUME
To close the position you can choose between 2 Take Profit and the amount to use on each one.
You can transform it yourself into 'study' mode to get alerts.
Take Profits can be generated from the same entry, (syntax example on the script) so the fees will be lower (0.04 + 0.02 / 2 = 0.03).
Settings for BINANCE FUTURES BTC:USDT
Enjoy...
MTF ADXI tried to convert ADX to MTF. The trend strength can be judged with ADX.
It can be judged that a trend below 20 is a weak trend, a trend above 40 is a strong trend, and a trend above 50 is a very strong trend.
As for the color of ADX, the green part is rising and the red part is falling.
It is assumed that you will make a position at the moment when it turns green or when it exceeds 20.
Entry points correspond to alerts.
The direction of the trend is judged by DI +, DI-, the part painted in blue is the uptrend and the part painted in orange is the downtrend.
ADXをMTF化してみました。ADXでトレンドの強さが判定できます。
20以下は弱いトレンド、40以上は強いトレンド、50以上は非常に強いトレンドと判定できます。
ADXの色は緑の部分が上昇中、赤色の部分が下降中です。
緑に変わった瞬間、または20を超えた瞬間ポジションメイクするのを想定しています。
エントリーポイントはアラートに対応しています。
トレンドの向きはDI+,DI-で判定し、青色に塗っている部分は上昇トレンド、オレンジ色に塗っている部分は下落トレンドです。
yutas_ADX_Trend_Ver1.0Ver1.0
The trend of ADX has been made easier to understand visually.
The line color changes when the specified value is exceeded.
ADXのトレンド発生を視覚的に分かりやすくしました。
指定数値以上でラインの色が変わります。
$ SuPeR-RePaNoCHa $ [Alerts]Script for automatic trading (Alerts). This is the second part of the previous RePanoCHa script but with Take Profit.
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RANGE FILTER (DONOVAN WALL)
-ADX (ORIGINAL VERSION)
-PARABOLIC SAR
-RSI + VOLUME WEIGHTED (LAZYBEAR)
-MACD
-VOLUME
To close the position you can choose between Take Profit only, Trailing Stop only or both at the same time.
Example of bot syntax: (alerts once per bar)
LONG | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=order | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=short t=market ro=1 | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT b=long q=100% t=market | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=long p=0.7% q=50% t=post ro=1
SHORT | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=order | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=long t=market ro=1 | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT b=short q=100% t=market | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=short p=-0.7% q=50% t=post ro=1
LONG TP | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position q=50% t=market ro=1 (if you set the TP from entry this alert is not necessary)
SHORT TP | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position q=50% t=market ro=1 (if you set the TP from entry this alert is not necessary)
LONG TS | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position q=10% t=market // (alerts once per minute)
SHORT TS | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position q=10% t=market // (alerts once per minute)
XLONG/STOP-LOSS | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=order | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=long t=market ro=1
XSHORT/STOP-LOSS | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=order | delay=1 | e=BINANCEFUTURES a=ACCOUNT s=BTCUSDT c=position b=short t=market ro=1
(JS)DMI BarsAlright - so this is my own version of John Carter's "10x Bars"... I have done multiple things that are different from his version so they are slightly different..
So first of all the main indicator is based off of the ADX and the DMI;
For those who aren't familiar with it, Directional Movement is what you'd pull up under "built-in's" from the indicators tab (if you want to check it out).
The standard interpretation of this however, is when the ADX is above 20 that suggests the trend is strong, whereas under 20 suggests it is weak.
Also, when the D+ is above the D- that suggests a bullish trend, and D- above D+ suggests a bearish trend.
These bars take away the need to have it at the bottom of your screen, and places the data on the bars on your chart instead.
=========================================================================================================================================
So here's what the colors stand for -
Yellow - The ADX is under 20, no strength in trend
Shades of green occur when the ADX is above 20 and there's a bullish trend (D+ higher than D-)
Bright Green (Lime) - Bullish trend, D+ above 30
Green - Bullish Trend
Yellow Green - Bullish trend, D+ below 15
Shades of red occur when the ADX is above 20 and there's a bearish trend (D- higher than D+)
Bright Red - Bearish trend, D- above 30
Red - Bearish Trend
Orange - Bearish trend, D- below 15
=========================================================================================================================================
I have also added multiple time frame labels (label script used is the one created by Ricardo Santos)
These labels are color coded the same as the bars/candles, and they appear off to the right of your screen using every built in time increment from TradingView.
The purpose is to show you in real time, and on any chart resolution, what the current trend is on every individual time frame.
So using just one single chart you'll see your current resolutions candles, but also on the labels you'll see:
1 Minute
3 Minute
5 Minute
15 Minute
30 Minute
45 Minute
1 Hour
2 Hour
3 Hour
4 Hour
Daily
Weekly
Monthly
There is an input I added that allows you to adjust where your labels appear on the side of your screen as well!
=========================================================================================================================================
Now onto the volume spike portion of the indicator. This will plot a blue dot under each bar that has a spike in volume which meets your specified criteria.
I have 500% as the default setting.
What that means is that this indicator looks back and gets the 50 bar volume average and then applies dots where volume is 500% above average.
=========================================================================================================================================
Now finally, the reversal arrows. This is another simple to understand concept that I first read in John Carter's book "Mastering the Trade" that he calls "HOLP/LOHP".
I have added the ability to change the look back period you'd like the indicator to watch for highs and lows on.
What that stands for is 'High of Low Period' and 'Low of High Period', and it is used like this-
Whenever a bar makes a new high the indicator watches the low on that highest bar. Then when a bar afterwards makes a lower low then the one on the high bar,
a reversal arrow is given. Apply this same concept in the other direction in for the highs on the lowest bars.
=========================================================================================================================================
Now, I didn't want to make a "set" or have a bunch of different indicators out there that are all intended for the same package, so I took the time to put them together,
and if there's a part of it you don't care for they can easily be turned off in the settings.
Enjoy!
💲SuPeR-RePaNoCHa💲 [Backtest]Script for automatic trading (Backtest). This is the second part of the previous RePanoCHa script but with Take Profit.
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RANGE FILTER (from Donovan Wall)
-ADX (ORIGINAL VERSION)
-PARABOLIC SAR
-RSI + VOLUME WEIGHTED
-MACD
-VOLUME
To close the position you can choose between Take Profit only, Trailing Stop only or both at the same time.
Triple ADX by KviateqMy favorite indicator to date. It plots three timeframe ADX lines on one chart along with a Key Level.
Once all the lines are above the Key Level the market is trending heavily.
Warning! Just like the standard ADX, the script DOES NOT show the direction of the trend, only its STRENGHT!
I set the secondary ADX's lines to 11, but that can be changed based on your preferences.
Enjoy!
Stochastic RSI 3in1 & Volatility peaks + ADX by AGUDescription:
3 Lines are Stochastic RSI's, strongest move is when all crosses and moves to one direction (from top or bottom).
Orange is original Stochastic of the timeline. (Live movement of price).
Green is original Stoch x 6. (Short term movement).
Red is original Stoch x27 (Long term price movement).
Transparent columns are ADX signal.
Higher the mountain, stronger the signal. When the mountain tops, trend usually change.
And finally the volatility peaks. Green peak HIGHEST volatility , RED peak LOWEST volatility .
I use it on 1 min BTC chart. But it works on all.
TIPS >> 3HCQ41cRpxcq2MJdRUSYoq9N1RnEy98xD2
Hashem DMI/ADXThis indicator will time Breakouts.
DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.
Can apply same logic for Divergences on DMI+ and DMI- lines.
Fabonacci Trailer - [Backtester]This study comes with the following indicators and features:
ADX indicator
Chop indicator
Super Trend indicator
Trailing Take Profit and Stop Loss
Entry, Take Profit, and Stop Loss Alerts
Renko chart support
And a few more indicators in the back-end to increase accuracy and optimize entries
The study version with all alerts can be found in my profile. It is not repainting and we advise to use alerts on “Once Per Bar Close”.
Please note that this script is based on invite only.
Fabonacci Trailer - [Alerts]This script comes with the following indicators and features:
ADX indicator
Chop indicator
Super Trend indicator
Trailing Take Profit and Stop Loss
Entry, Take Profit, and Stop Loss Alerts
Renko chart support
And a few more indicators in the back-end to increase accuracy and optimize entries
This script works really well as a scalper on lower Time Frames as well as on higher Time Frames. Besides that you can also use it on pretty much any coin or asset.
This script is not repainting. We advise to use alerts on “Once Per Bar Close”.
If you’d like to automate this script you can do that by using AutoView, ProfitView, ProfitTrailer, CryptoHopper etc.
Please note that this script is based on invite only.
Directional Movement Quality IndexIndicator DMX (Bipolar DMI) is calculated using the standard indicator ADX. However, as compared to that, it displays data as an oscillator with a signal line, and has shorter delay.
DMX = (P-M) / (P+M)
Signal = MA(DMX, Signal period, Method)
where:
P - (+DI) ADX indicator line;
M - (-DI) ADX indicator line.
Source: www.mql5.com