Kal’s ADX Overlap with MACD FilterIt’s a method/study to find trending stocks/cryptocurrencies which uses two different periods (14, 5) ADX Overlap with a MACD Filter. The MACD filter may or may not be used.
More Details will follow as time permits. Please let me know if I am missing anything…..
Legal Disclaimer: I am not bribed to write here and I am not seeking insider favors. I wrote here so I get replies from fellow viewers to educate myself and for my daily expenses. Hence, if anyone uses this post for making their decisions, I am not responsible for any failures incurred.
Safe Trading!
Kal Gandikota
PS: If you found this script interesting and edifying please follow and upvote.
PS2: Please kindly donate for my daily expenses (atleast as you would on streets) at the following addresses:
'BTC Wallet' - 1NeDC1GvpFa49DFLuT1v28ohFjqtoWXNQ5
ETH Wallet - 0x0450DCB7d4084c6cc6967584263cF6fBebA761D1
'BTS Wallet' - chip-maker
QTUM Wallet - QhqqV3WQV236Tz5ZbPceXXvU8aK2N4i78A
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PS3: To open a cryptocurrency trading account at the brokerage where I trade most for now, please kindly use the following website(with referral code attached):
www.binance.com
PS4: For more information on ADX and MACD, please 'Google' or search here on Tradingview
ADX
ADX coded with DIAn easier to read implementation of ADX and DI, with colour indicating direction of trend, oscillator indicating strength of trend, and below threshold shown with a lack of colour (black).
MTF ADX and DMI Grid with RSIHello and welcome to my latest revision of my ADX and DMI series.
This indicator features the Average Directional Index (ADX) and the Directional Moving Index (DMI), with a multi-timeframe (MTF) grid that shows you the dominant DMI on the select timeframes. There are four grid rows, allowing you to select four different timeframes to show in the study. In addition to this, the colors displayed in the grid will reflect RSI levels, when the RSIs on the select timeframes exceed 70 or 80, or fall below 30 or 20.
For example, if one of your select timeframes is 4h, the standard settings will display a blue block in the relative row of the grid if the +DMI is above the -DMI on the 4h timeframe. If the RSI exceeds 70, the shade of blue will become darker, and become even darker if the 4h RSI exceeds 80. This will apply for the inverse case, where if the -DMI is dominant, the grid will display a darker shade of red as the 4h RSI falls below 30 and 20.
The ADX is the line in the oscillator that changes between black, white, and gray. ADX will be black when it is rising, white when it is falling, and gray when it is below the key level value (default set to 20). When ADX is below 20, you can assume the dominant DMI is irrelevant as there is no real trend strength. You can change your set key value in the oscillator settings, as well as all the colors, and so on.
If you are not familiar with the ADX and DMI indicator, a useful guide can be found below:
1) An ADX reading below 20 signifies that there is no prevailing trend in play. This means that, regardless of DMI dominance, there is no real strength. This is a good measure for sideways price action.
2) If +DMI is above -DMI, this means that a bullish trend is in play, and vice versa (where a -DMI dominance shows a bearish trend in play). Make sure to pay attention to the value of ADX, as this will show the significance of DMI dominance.
3) The strongest possible position you can have is one where the DMIs have a crossover on an ADX that is perking or sloping upwards.
4) You should be exiting your positions at the peak of the ADX , shown by the color changes, as this is often the furthest extent of the dominant trend. Once the ADX tips, the trend weakens and is less likely to see continuation. NOTE: Divergences are possible, where the ADX may be falling, but the dominant trend sees continuation. This simply means that the dominant trend is weakening, but still going.
5) Speculating on DMI crossovers is dangerous, especially on larger timeframes. Be careful when doing so if you are not familiar with the calculations behind the DMIs and if you are not familiar with how movements on lower timeframes translate to larger timeframes.
Additional resources to learn about ADX & DMI:
1) seekingalpha.com
2) stockcharts.com
Previous versions:
1)
2)
Happy trading and feel free to reach out with any question, suggestions, or concerns!
PARSEC Bitcoin strategy for testing: SMA + ADX + Fisher transfStrategy using SMA, ADX and modified Fisher transform (I've made linear transformation on original Ehler's Fisher transform) and implemented into Bitcoin trading perspective.
Current strategy is optimized for Bitcoin.
General objectives is to add, remove indicators:
- to further improve the strategy for Bitcoin
- adjust the strategy to be feasible for wider range of cryptocurrencies (preferably for the top 2-5 or top 2-10 ones), without significantly decreasing the current profit factor and profit rates
Experienced technical analysts feel free to PM me if you want to test the strategy (at this stage up to 5 people's participation would be appreciated).
For those ones who significantly contribute, I will give life-long access to both the improved strategy and alerts.
ADX-DI MTF trend buffer - JDThe 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
Linda Raschke's Holy GrailAnother script based on Linda Raschke's strategy with the same name from her book about swing trading.
Ppsignal ADXAdx con color de fondo.
Adx indicator with background color.
Bullish trend background lime and line yellow. Bearish trend background red lines red.
Average Directional Index with DI SpreadThis indicator converts conventional triple lined ADX, DI+ and DI- into two lines. First line is the
original ADX line and second line is obtained by subtracting DI- from DI+ which named DI Spread(DIS)
If ADX is greater than 20 there is a trend and if greater than 40 there is a strong trend but ADX does not tell
the trend direction
To determine trend direction, DIS can be used with ADX; Sımply; If DIS is greater than 0, it is an uptrend and If DIS
is less than 0, it is a downtrend.
To sum up;
If ADX is greater than 20 and especially greater than 40 with positive DIS value, this implies an uptrend.
If ADX is greater than 20 and especially greater than 40 with negative DIS value, this implies a downtrend.
*Because of coloration and reference levels used, this indicator is really simple and efficient to analyze trend direction.
Setup for Short Term Investment using RSI&ADX. High success rateThis is a very simple script which gives reliable signals for buying and selling in short term. I came across this strategy a long time before in some website and coded it here. I had been using this for a long time and made good profits.
Idea is very simple, a buy call is triggered when RSI is greater than 75 and ADX is greater than 25. Sell call is triggered when RSI is lesser than 25 and ADX is again greater than 25. To remove false signals I always use it with EMA(close,8) which is also included as part of the code.
The ideal chart resolution is 1 day, below this the indicator is not reliable. Haven't tested this indicator for anything other than daily chart.
Refer the snapshots for more details.For any queries, please comment or PM me.
ADX-DI MTF trend indication - JD version 2Version 2 added support for MTF, to see the trend direction on the lower or higher timeframe.
As an example to see the difference, the indicator is added three times, one time for the current TF, one set at the higher and one at the lower TF.
Cudo's to Chris Moody for the MTF-switching-code!!
JD.
ADX-DI trend indication - JDThis indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro
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 and the actual DI-lines kan be shown or omitted as preferred
JD.
ADX-DI trend indication - JDThis indicator is based on the formulas in the original "ADX and DI" script of Masa Nakamuro
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 and the actual DI-lines kan be shown or omitted as preferred
JD.
ADX and DI (Average Directional Index) - CORRECT FORMULASo... the popular version of "ADX and DI" shown on tradingview by masanakamura uses some wacky and incorrect formula for DI and uses SMA instead of the Wilder's MA that ADX/DI is supposed to use, and doesn't give the correct ADX and DI values. The Tradingview "Average Directional Index" uses the correct calculation but doesn't show DI+ and DI-. So, here it is with the DI+ and DI- visible. Enjoy!
15 Minute Bitcoin Indicator 1.0Indicator Description:
This is a premium indicator that is intended for trading on the 15 minute time scale. This script uses ADX to judge the strength of trends. When a trend is confirmed by ADX, the indicator uses SRSI to find the optimal entry. The indicator works best on BITFINEX:BTCUSD .
Instructions:
Whenever there is a sell signal exit the current long and vice versa. If a close signal appears close the current position but do not open another trade in opposite direction. There is a indicator based stop loss system that is built into the signals, but no static stop loss based on % loss or pips moved in one direction.
Available Settings :
1. Buying and Selling Thresholds: These are the values that are used with SRSI to determine entries. The default values were experimentally determined
to be the most profitable.
2. Stacked Orders Allowed: This limits the amount of positions that can be entered in the same direction. This is useful for trading with leverage. This is defaulted to 2 because I limit myself to 2x leverage. Backtesting shows the more orders allowed, the more profitable, but also risk is increased.
3. ADX/DI Settings: These are settings the ADX smoothing and DI length.
Backtesting:
CLICK HERE
This is a strategy that enters and exits positions on the exact same criteria as this indicator. For the simulation the capital was 10,000 dollars and it was allowed to go up to 2x leverage. Each trade used 100% of available funds. The same simulation done from 1/1/2018 to 4/10/2018 resulted in:
3658.38 % Net Profit
316 Total Closed Trades
77.22 % Profitable
4.552 Profit Factor
24 % Max Drawdown
+11.58% Average Trade
20 15m candles in each trade on average.
Future Plans:
More robust stop loss system.
Factoring trend into trading signals.
EMA integration.
MULTI-TIMEFRAME SUPPORT
Availability
This indicator is currently in a testing stage of development with a full release planned for mid April. While the indicator is not completed, it currently is profitable for me to consider it ready for release. During this testing phase anyone can test it for free for three days, just comment below. Lifetime access currently costs .005 btc, and this price will increase once the full release occurs, if you are interested, DM me for further details.
Please comment with any ideas, suggestions, or criticisms.
Ultimate Bar Analysis Emiliano MesaMy most complex script as a gift to you @TradingView.
Simple price action analysis. Look at the chart and the indicator will do everything else for you. This indicator is based in a combination of several indicators, including ADX, EMA, and concepts by the book "Bar by Bar" by Al Brooks. You can use it any way you like.
Its been tested in 5 minute stock charts, anything else is not assured to work.
Key:
Yellow/Pink ===> Buyer / Seller pressure (Bears/Bulls are gaining momentum)
Green/Orange ===> Up Trend / Down Trend, this is based on ADX, change the values if you wish.
Red ===> High reversal chance, based on Al Brooks book.
Grey Bars ===> No man land. (No trend is taking place)
Hope you enjoy! Leave your feedback down below.
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Want your own indicator? Email me at : emilianomesauribe2000@live.com
Prices starting at 100$
checkm8's ADX & DMI v2 with MTF Godmode CrossoversHello & welcome to my updated version of the ADX & DMI indicator.
The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading.
Here's a quick how-to:
A detailed guide is available in my first version:
Additional edits:
My indicator paints the background of the indicator green when +DMI is above -DMI and red when -DMI is above +DMI. In addition to this, the background will paint darker green when the RSI on the timeframe exceeds 70 and even darker when the RSI exceeds 80, in a +DMI dominance. The background will paint darker red when the RSI on the timeframe falls below 30 and even darker when the RSI falls below 20, in a -DMI dominance.
The indicator also displays multi-timeframe (MTF) crossovers on Godmode MACDs, plotted on the ADX line. If the dots are teal, it means that the shorter-term MA crossed above the longer-term MA (bullish), and if it is fuchsia, the shorter-term MA crossed below the longer-term MA (bearish).
Additional notes:
Additional edits:
1) Speculating on DMI crossovers is dangerous, especially on larger timeframes. Be careful when doing so if you are not familiar with the calculations behind the DMIs and if you are not familiar with how movements on lower timeframes translate to larger timeframes.
Additional resources to learn about ADX & DMI:
1) seekingalpha.com
2) stockcharts.com
Special thanks:
-xSilas, for the development of the Godmode calculations used in my indicator
-dent77x, for being a thinkpool and emotional support
-kristarling, for help with the coding
ADX + DMI v.checkm8Hello & welcome to my custom version of the ADX & DMI indicator.
The average directional index and directional moving indices are a godsend and I think you should incorporate it into your trading.
Here's a quick how-to:
The ADX , despite its name, is a directional index but only represents the strength of the dominant trend, which is marked by the DMIs ( +DMI and -DMI ). To interpret this, a rising ADX signifies that the dominant trend is gaining strength or momentum, while a falling ADX represents the weakening of the dominant trend. My indicator paints the ADX black if it is rising (trend gaining strength) and white if it is falling (trend losing strength). The ADX also has a critical level of 20, which signifies whether or not a trend actually exists. For example, if the ADX is above 20, there is a trend in effect, but if it is below 20 - there is no definite trend in play, even if the price may be rising or falling. On my indicator, the ADX turns grey when it is below 20 to signify the irrelevance of the dominant trend at such points. To better explain this, it does not matter which DMI dominates when the ADX is below 20, as it can be interpreted as a very weak move.
There are two DMIs, represented by +DMI (blue), which represents bullish momentum, and -DMI (red), which represent bearish momentum. If the +DMI dominates the -DMI , a bullish trend is most likely at play, and if the -DMI dominates the +DMI , a bearish trend most likely prevails. The ADX must be considered in this, as a +DMI dominance over -DMI when ADX is below 20 could be interpreted as "chop", with no clear directional signals, while the same dominance on a rising ADX will represent a strong momentum in favor of the dominant DMI.
The aim of the indicator is to identify trend reversals and give signals to newly developing trends. Crossovers are a key element, as they dictate which DMI dominates the playing field.
Additional notes:
1) The strongest possible position you can have is one where the DMIs have a crossover on an ADX that is perking or sloping upwards.
2) You should be exiting your positions at the peak of the ADX , shown by the color changes, as this is often the furthest extent of the dominant trend. Once the ADX tips, the trend weakens and is less likely to see continuation. NOTE: Divergences are possible, where the ADX may be falling, but the dominant trend sees continuation. This simply means that the dominant trend is weakening, but still going.
3) The indicator has green and red bars to show which trend dominates. If the +DMI is above -DMI , the area until the next crossover will be green, while a -DMI dominance over +DMI will show a red area until the crossover.
4) If you have any questions, feel free to reach out and ask me!
Combined Indicator Based Trend Analysis [LY_TR] This indicator is capable of showing possible "BUY" and "SELL" point on trend line. This means you can decide buy/sell decision by looking this indicator. It is based and combined some trend indicators like ADX, DI, Ichimoku and MACDs (with considered UPT and DownT). This indicator is useful for volatile market specially BTC/USD and for other cryptocurrencies.
Bu gösterge muhtemel "AL" ya da "SAT" noktalarını trend durumuyle birlikte gösterir böylece kullanıcıya al/sat konusunda karar vermesine yardımcı olur. Bu gösterge oluşturulurken özellikle ADX, DI, Ichimoku MACD gibi göstergeler biraraya getirilmiştir (Yükseliş - düşüşü dikkate alır). Özellikle kripto para piyasasında BTC/USD pazarında işe yarayabilir.
Combined Indicator Based Trend Analysis [LY_TR] This indicator is capable of showing possible "BUY" and "SELL" point on trend line. This means you can decide buy/sell decision by looking this indicator. It is based and combined some trend indicators like ADX, DI, Ichimoku and MACDs (with considered UPT and DownT). This indicator is useful for volatile market specially BTC/USD and for other cryptocurrencies.
Bu gösterge muhtemel "AL" ya da "SAT" noktalarını trend durumuyle birlikte gösterir böylece kullanıcıya al/sat konusunda karar vermesine yardımcı olur. Bu gösterge oluşturulurken özellikle ADX, DI, Ichimoku, MACD gibi göstergeler biraraya getirilmiştir (Yükseliş ya da düşüşü dikkate alır). Özellikle kripto para piyasasında BTC/USD pazarında işe yarayabilir.
RSI BULL BEAR + ADXlong-signal when crossig the lower threshold
short-signal when crossing the upper threshold
Bryan - Multi Indicator v2Developed as a professional service and published for customer acceptance/verification.
Notes
Ichimoku and ADX combined strategy.
Strategy logic ported to the indicator to allow automation through 3rd party services. (Position management, orders etc)
Long and exit long alert conditions created
Zero-Lag Average Directional Index with DI+ and DI-This average directional index follows the Nyquist Sampling Criterion making showing even better behaviour in high volatility environments than the Ehlers & Ric's "Zero Lag Moving Average".
Applies the same formulae as the moving average at Zero-lag Dürschner Moving Average
From the paper abstract: "The well-known Moving Averages (MA), namely the Simple Moving Average ( SMA ), the Exponential Moving Average ( EMA ) and the Weighted Moving Average ( WMA ), are modified in this paper with the help of the Nyquist Criterion. These modified Moving Averages 3.0 show good smoothing characteristics, illustrate relevant trends and trend reversals in price series without a time lag as far as calculated. With regard to smoothing, trend patterns and time lag bring about a significant improvement on conventional SMA (Moving Averages 1.0: SMA, EMA and WMA ). In addition to this, the efficiency of the Moving Averages 3.0 is demonstrated by applying several tests and a simple trading system."
The Dürschner Moving Average was published at the IFTA 2012 (International Federation of Technical Analysts) Journal, page 27.
Bryan - Multi IndicatorCustom Indicator - Developed for a Backtest-Rookies customer and published for testing and acceptance.
Ichimoku + ADX combined indicator with custom entry criteria and plotting for buy signals.
