Filtered Directional Movement Index with Arrows

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This indicator enhances the traditional DMI (Directional Movement Index) by adding a consecutive bar filter to reduce false signals and noise. It displays visual arrows and provides customizable alerts when +DI, -DI, or ADX maintains dominance for a specified number of consecutive bars.
Key Features:

Filtered Signals: Only triggers after consecutive bars of dominance (3, 5, 7, 10, or custom count)
Visual Indicators: Blue arrows for +DI leads, orange arrows for -DI leads, purple triangles for ADX leads
Customizable Alerts: Multiple alert options with different consecutive bar requirements
Noise Reduction: Eliminates single-bar false signals common in traditional DMI

Settings:

ADX Smoothing: 14 periods (default)
DI Length: 14 periods (default)
Consecutive Alerts Required: 1-20 bars (5 default)
Alert Filter Options: 3, 5, 7, 10 bars or custom amount

How to Use:

Blue arrows indicate potential bullish momentum (+DI leading)
Orange arrows indicate potential bearish momentum (-DI leading)
Purple triangles indicate consolidation/sideways movement (ADX leading)
Arrows only appear after the specified number of consecutive bars

Best Practices:

Use in conjunction with other technical analysis tools
Higher consecutive bar requirements = fewer but potentially more reliable signals
Consider market context and overall trend direction

This indicator is designed for educational purposes and should not be used as the sole basis for trading decisions. Always conduct your own analysis and risk management.

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Sürüm Notları

This indicator enhances the traditional DMI (Directional Movement Index) by adding a consecutive bar filter to reduce false signals and noise. It displays visual arrows and provides customizable alerts when +DI, -DI, or ADX maintains dominance for a specified number of consecutive bars.
Key Features:

Filtered Signals: Only triggers after consecutive bars of dominance (3, 5, 7, 10, or custom count)
Visual Indicators: Blue arrows for +DI leads, orange arrows for -DI leads, purple triangles for ADX leads
Customizable Alerts: Multiple alert options with different consecutive bar requirements
Noise Reduction: Eliminates single-bar false signals common in traditional DMI

Settings:

ADX Smoothing: 14 periods (default)
DI Length: 14 periods (default)
Consecutive Alerts Required: 1-20 bars (5 default)
Alert Filter Options: 3, 5, 7, 10 bars or custom amount

How to Use:

Blue arrows indicate potential bullish momentum (+DI leading)
Orange arrows indicate potential bearish momentum (-DI leading)
Purple triangles indicate consolidation/sideways movement (ADX leading)
Arrows only appear after the specified number of consecutive bars

Best Practices:

Use in conjunction with other technical analysis tools
Higher consecutive bar requirements = fewer but potentially more reliable signals
Consider market context and overall trend direction

This indicator is designed for educational purposes and should not be used as the sole basis for trading decisions. Always conduct your own analysis and risk management.