This is an improvement upon a very popular trend following system that is currently selling for about $1k per year. I pull data from longer time frames to confirm trend, as well as use the ADX to minimize trading in sideways chop. I’ve backtested both the older $1k system and this newer one and can confirm improvements in every market and timeframe that I’ve...
Edit of the popular script by @TraderR0BERT
New features:
- horizontal colored areas, indication weak/medium/strong trend
- vertical bars, signaling trend/momentum changes
- DI+ vs DI- contraction/expansion histogram (to measure the DI volatility)
This is an EMA that color changes based on ADX.
When ADX is low, EMA color is in lime or aqua, if the value of ADX moves higher, It changes from aqua to yellow and then red.
You can change the settings like EMA period and the color, etc in the dialog window.
Usually, as the trend becomes stronger, the ADX values rises, so there is a possibility on a trend...
＝＝日本語説明も併記 // Japanese discription is following ＝＝
■ Momentum index (Smoothed ADX triple display)
■ Effective assets: All
■Example of utilization
1) Trend generation is assumed at the timing when at least two lines including the blue thick line (14) are raised
2) Confirm the candlestick and if the price jumps out of the Bollinger band ± 1 σ, the trend toward...
Signature indicator for use with the Peso Pros Daily Dinero strategy for the USDMXN. How to use the indicator is explained in detail in the members section of your online course.
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...
This indicator shows a histogram of the ADX with the following colors:
Background gray => ADX under configured lower level which means no trend is present
Background dark orange => ADX between lower and upper level and down trend is present
Background orange => ADX between over upper level and down trend is overheated
Background dark green => ADX between...
Version 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.
This 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...
This 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...
Alert system for development strategy. Please don't request access, this is for personal use. If you are interested in my actual indicator you can look here:
So... 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...
Indicator 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...
![BTCUSD: [Single] Heartbeat_Live (pine v3 version)](https://s3.tradingview.com/t/t6hFxd7n_mid.png "[Single] Heartbeat_Live (pine v3 version)")
