The , being a smoothed version of , and can be used similarly to the in the three rule system discussed on the section..
The is a measure of the spread between the Directional Indicators ( and ). When the is declining, it's not advised to use a trend following system. However, a rising signals that the dominant trend is likely to continue. A rising , with both the and DI+ above the D- indicates a strengthening market. The scan syntax needed to represent this condition would be...
> DIMINUS AND DIPLUS > DIMINUS AND > .1
A rising , with both the and DI- above DI+ indicates a strengthening . The scan syntax needed to represent this condition would be...
> DIPLUS AND DIMINUS > DIPLUS AND > .1
If the has been below both DI+ and DI- but has begun to rise a new market trend is emerging. The scan syntax needed to represent this condition would be...
< DIPLUS AND < DIMINUS AND > .1
IMPORTANT NOTICE: USERS CAN ADD DI+ and DI- indicators by checking the box in the settings of the indicator.
Developed by J.Welles Wilder
ÖNEMLİ BİLGİ: KULLANICILAR , DI- ve DI+ indikatörlerini de ayarlar bölümündeki kutucukları işaretleyerek sayfaya ekleyebilirler.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.