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Directional Movement Index (DMI)

Crypto4Fun Gunbot Script #1This script provides a trigger for Gunbot (or any other bot) combining different indicators on 2 timeframes as follows : 1) on the timeframe of the chart : ichimoku and SMA-spread 2) on the higher timeframe : DI+ and DI- ==> you can select your preferred higher timeframe, preferrably higher than the timeframe of the current chart All parameters are configurable Workinstructions : Add the script to your chart Move the shown indicator to a window below Set the email alert as follows : 'plot' value crosses over 95 Feedback and suggestions are welcome
Penunjuk Pine Script®
oleh Crypto4Fun
Consolidation vs Trending ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures. ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived. When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend. When the -DMI is above the +DMI, prices are moving down, and ADX measures the strength of the downtrend. ADX values help traders identify the strongest and most profitable trends to trade. The values are also important for distinguishing between trending and non-trending conditions. Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies. ADX Value Trend Strength 0-25 Absent or Weak Trend 25-50 Strong Trend 50-75 Very Strong Trend 75-100 Extremely Strong Trend
Penunjuk Pine Script®
oleh DarkSideTrader
5
DMI ADXThis is the combination of ADX and DMI. It will tell you about the trend strength. In easy language Green is for bullish , red is for bearish ,and third line which is of blue and yellow will tell you about the trend strength doesn't matter in which direction. Blue will tell you that trend is getting strength and vice versa for yellow. Keep an eye at crossovers. New scripts r ready just doing some last testing will be out soon just wait for some more time :) all the Scripts here will be free and always will be. For my Indian friends a special surpriszzz is coming soon ;) Hope you got my point. Happy trading :) 15min Chart 1Hr chart
Penunjuk Pine Script®
oleh CryptoAdrian
1
Strength & Directional Movement [CP]This my version of the ADX & DI indicator, fixed the code, ported to Pine Script v3 and loaded up with filters for your smoothing pleasure. I have some info below on how to read this indicator, be sure to take a look! Wilder’s DMI (ADX) consists of three indicators that measure a trend’s strength and direction. Three lines compose the Direction Movement Index (DMI): ADX (black line), DI+ (green line) and DI- (red line). The Average Directional Index (ADX) line shows the strength of the trend. The higher the ADX value, the stronger the trend. According to Wilder, a trend is present when the ADX is above 25. DMI values range between zero and 100. The Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI) show the current price direction. When the DI+ is above DI-, current price momentum is up. When the DI- is above DI+, current price momentum is down. DI Crossovers: Traders could enter a long position when the DI+ line crosses above the DI- line and set a stop-loss order under the current day’s low. When the DI- line crosses above the DI+ line, traders could place a short position with a stop above the high of the current day. Irrespective of whether the trader takes a long or short position, the ADX should be over 25 when the crossover occurs to confirm the trend’s strength. When the ADX is below 20, traders should use trading strategies that exploit range bound conditions DI Contractions and Expansions: The DI+ and DI- line move away from each other when price volatility increases and converge toward each other when volatility decreases. Short-term traders could enter trades when the two lines move apart to take advantage of increasing volatility. Swing traders might accumulate into a position when the lines contact in anticipation of a breakout. The +DI generally moves in sync with price, which means the +DI rises when price rises, and it falls when price falls. It is important to note that the -DI behaves in the opposite manner and moves counter-directional to price. The -DI rises when price falls, and it falls when the price rises. This takes a little getting used to. Just remember that the strength of a price move up or down is always recorded by a peak in the respective DMI line. Reading directional signals is easy. When the +DI is dominant and rising, price direction is up. When the -DI is dominant and rising, price direction is down. But the strength of price must also be considered. DI strength ranges from a low of 0 to a high of 100. The higher the DI value, the stronger the prices swing. DI values over 25 mean price is directionally strong. DI values under 25 mean price is directionally weak.
Penunjuk Pine Script®
oleh Coinpocalypse
1
Contender 2 Directional movement indicator for assessing price direction and strength. DMI tells you when to be long or short, differentiating between strong &weak trends. DMI works on all time frames and applicable to any asset. DMI is a moving average of range expansion over an input period. The positive directional movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI ) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Which DMI lines is on top is the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over. Added feature is Bollinger Bands to moderate signals.
Strategi Pine Script®
oleh epicau
Contender 1Directional movement indicator for assessing price direction and strength. DMI tells you when to be long or short, differentiating between strong &weak trends. DMI works on all time frames and applicable to any asset. DMI is a moving average of range expansion over an input period. The positive directional movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI ) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Which DMI lines is on top is the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over. Added feature is Bollinger Bands to moderate signals.
Strategi Pine Script®
oleh epicau
DMIBBDirectional movement indicator for assessing price direction and strength. DMI tells you when to be long or short, differentiatING between strong &weak trends. DMI works on all time frames and applicable to any asset. DMI is a moving average of range expansion over an input period. The positive directional movement indicator (+DMI) measures how strongly price moves upward; the negative directional movement indicator (-DMI) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Which DMI lines is on top is the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over. Added feature is Bollinger Bands to moderate signals.
Penunjuk Pine Script®
oleh epicau