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Telah dikemas kini DMI (Multi timeframe) DI Strategy [KL]
Directional Movement Index Strategy
Entry conditions:
- (a) when DI+ > DI- on timeframe #1, and
- (b) Confirmation: when DI+ > DI- on timeframe #2
In the shown example, timeframe1 was same as the chart (1H) and timeframe2 was 1D.
Stop Loss: ATR based trailing stop
About DMI
Can refer to Investopedia for general understanding.
Applications of DMI in this strategy:
- Assumes uptrend when DI+ is above DI- (when green DI+ lines above red DI-), vice versa for downtrend. This is checked in two different timeframes that can be set by user in settings.
- DX is ignored, it doesn't give a direction of the trend. But if DX was applied, it would be a good indicator for quantifying the strength of uptrend/downtrend. This measurement would typically be read along a threshold (i.e. if below 20, then market is likely consolidating). All of these have been commented out (ignored by pinescript's interpreter via //) in the codes, as said; we are not using DX for sake of simplicity.
Visualizations
To make the chart look cleaner, DMI plots have been simplified to just down/up arrows placed at bottom of the chart.
Referring to the example chart:
- Green arrows : when DI+ > DI- for both timeframes, implies uptrend
- Red arrows: other way around (DI+ < DI-), implies downtrend
Entry conditions:
- (a) when DI+ > DI- on timeframe #1, and
- (b) Confirmation: when DI+ > DI- on timeframe #2
In the shown example, timeframe1 was same as the chart (1H) and timeframe2 was 1D.
Stop Loss: ATR based trailing stop
About DMI
Can refer to Investopedia for general understanding.
Applications of DMI in this strategy:
- Assumes uptrend when DI+ is above DI- (when green DI+ lines above red DI-), vice versa for downtrend. This is checked in two different timeframes that can be set by user in settings.
- DX is ignored, it doesn't give a direction of the trend. But if DX was applied, it would be a good indicator for quantifying the strength of uptrend/downtrend. This measurement would typically be read along a threshold (i.e. if below 20, then market is likely consolidating). All of these have been commented out (ignored by pinescript's interpreter via //) in the codes, as said; we are not using DX for sake of simplicity.
Visualizations
To make the chart look cleaner, DMI plots have been simplified to just down/up arrows placed at bottom of the chart.
Referring to the example chart:
- Green arrows : when DI+ > DI- for both timeframes, implies uptrend
- Red arrows: other way around (DI+ < DI-), implies downtrend
Nota Keluaran
Ensures non-repainting by ignoring developing bars from MTFs.Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Read Faster & Learn Anything with Coral AI! getcoralai.com//?ref=dojiemoji
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Read Faster & Learn Anything with Coral AI! getcoralai.com//?ref=dojiemoji
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.