This trend following indicator is made up of 3 parts.
A normalized (OBV) On Balance Volume (the gray line) which ranges between -100 and 100 and has a 55 period SMA overlayed (the orange line) to give an indication of the overall trend as far as volume goes.
- If the volume decreases without a drop in price, it might indicate a move down.
- If volume increases...
Here's a modern take on the famous DMI/ADX. i first wrote this on another platform few years ago, so i'm happy to be able to share it on TradingView
quick refresher: what does DMI/ADX tell us:
in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index (...
// Constructs the trailing ATR stop above or below the price, and switches
// directions when the source price breaks the ATR stop. Uses the Average
// Directional Index (ADX) to switch between ATR multipliers. The higher
// multiplier is used when the ADX is rising, and the lower ATR multiplier
// is used with the ADX is falling. This ADX criteria further widens...
Fill indicates Strong Trend
Cross indicates End of Trend
El relleno indica una fuerte tendencia cuando el Di supera "Level Trend"
El cruce de Di+ con Di- indica el fin de la tendencia
Cuando el valor del ADX es menor a "Level Range", estamos en Rango
Combined LazyBears ZeroLag EMA and CapnOscars moving average ADX. Here's the result.
I figured it could be used as a trend trendtrading system,
ADX red + ema cross downards = short.
ADX green + ema cross up = long.
ADX black + ema cross = no trade
Or something along those line. A way filter out whipsaws.
This is just something I threw together in 5 min, so...
This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ...
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RSI + VOLUME WEIGHTED
To close the position you can choose between 2 Take Profit and the amount to use on each one.
You can transform it yourself into...
Constructs the trailing ATR stop above or below the price, and switches directions when the source price breaks the ATR stop. Uses the Average Directional Index (ADX) to switch between ATR multipliers. The higher multiplier is used when the ADX is rising, and the lower ATR multiplier is used with the ADX is falling. This ADX criteria further widens the gap between...
Edit of the popular script by @TraderR0BERT
- 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)
ADX System Overview
So I Came Across Another Trading System for Only $997. However, if you purchased in the next 24hours the whole system could be Yours For Only $497.
So I decided to Code it. This is only Version 1, and I discuss in the Video What I’ve found so for, some plans for Version 2 of the indicator, and I ask for your feedback on anything you...
We display here the ADX has a colored histogram, which is
- green when ADX and DI+ are higher then DI-, while the ADX is increasing, meaning that we are in a potential uptrend--> we should rather be long (only buy if you have other concordant signals !)
- red when ADX and DI- are higher then DI+, while the ADX is increasing, meaning that we are in a potential...
Average Directional Movement Rating quantifies momentum change in the ADX . It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX . The interpretation is the same as the ADX ; the higher the value, the stronger the trend.
The non-signal version of the absolute strength indicator from fxcodebase.com requested by ernie76 . This indicator originally from mt4 aim to estimate the bullish/bearish force of the market by using various methods.
Two lines are plotted, a bull line (blue) representing the bullish/buying force...
The goal of this study was to use ADX from Higher Timeframe - to determine trend direction
Why? Because ADX is very sensitive, able to show trend ending without any delay, but not in the middle of it.
Being able to see such immediate trend change on higher timeframe, is a great indicator of trend direction.
Adding just security() calls to 'highest', 'lowest' and...
Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated.
There are 3 main components that make up Forex Master v4.0:...