ADX Volume Trend
Thie indicator is a modified and upgraded version of the popular ADX tool.
ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go.
With this script, I have added in the formula the usage of volume, leading to the following functionality.
The length is used to determine the period to calculate the trend strength and direction, and the average is used to then determine the oscillator and to confront the previous line.
The volume average determines how many volumes bars the indicator should use to determine if a volume bar is above or below average if volume mode is selected.
With the volume mode on, you'll get the DI+ and DI- lines, which are by default displayed as a histogram that calculates the difference between the two lines, called "Directional difference", are calculated using also the volume in the formula, multiplying the normal output by the volume multiplier. I suggest using this mode in high-volume markets.
The trend strength difference is the area calculated using the difference between the ADX line and his moving average and can be used to analyze divergences in the swing points.
It has a lot of improvements and new functionalities, like:
- Histogram to show the output at best
- Averages to compare the data
- The option to include the volume inside of the formula
- Other options and esthetic changes
This indicator is created to improve the usability of the popular ADX indicator, including the very important variable of the volumes, in fact, it's the best to use for the Volume Spread Analysis.
Ortalama Yönsel Endeks (ADX)
GKD-V Average Directional Index (ADX) [Loxx]Giga Kaleidoscope Average Directional Index (ADX) is a Volatility/Volume module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends.
4. Confirmation 2 - a technical indicator used to identify trends.
5. Continuation - a technical indicator used to identify trends.
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown.
7. Exit - a technical indicator used to determine when a trend is exhausted.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Leader Exponential Moving Average
Volatility/Volume: Average Directional Index (ADX) as shown on the chart above
Confirmation 1: Double Smoothed Stochastic of Momentum
Confirmation 2: Jurik Turning Point Oscillator
Continuation: Fisher Transform
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm)
Standard Entry
1. GKD-C Confirmation 1 Signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
6. GKD-C Confirmation 1 signal was less than 7 candles prior
Continuation Entry
1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously
2. GKD-B Baseline hasn't crossed since entry signal trigger
3. GKD-C Confirmation Continuation Indicator signals
4. GKD-C Confirmation 1 agrees
5. GKD-B Baseline agrees
6. GKD-C Confirmation 2 agrees
1-Candle Rule Standard Entry
1. GKD-C Confirmation 1 signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
1-Candle Rule Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 1 signal was less than 7 candles prior
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
PullBack Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is beyond 1.0x Volatility of Baseline
Next Candle:
1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
█ Average Directional Index (ADX)
What is Average Directional Index (ADX)
Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are.
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, but for our purposes here, we are only concerned with the ADX itself.
Signals
Traditional: ADX is above the threshold cutoff; both longs/shorts triggered when ADX is above the threshold cutoff
Crossing: ADX crosses above/below the threshold cutoff; longs or shorts are only valid on the candle where the cross happens. Both cross-ups and cross-downs are valid for both shorts and longs
Signal Modifiers
X-Bar Rule: If signals occur within XX bars, then the signal is still valid
Bars Rising: This is for traditional signals only. This requires that an upward slop of ADX be present over XX bars
Other things to note
The GKD trading system requires that a GKD-V indicator be present in the indicator chain, but the GKD-V indicator doesn't need to be active. You can turn on/off the Volatility Ratio as you wish so you can backtest your trading strategy with the filter on or off.
Additional features will be added in future releases.
This indicator is only available to ALGX Trading VIP group members . You can see the Author's Instructions below to get more information on how to get access.
Cuban's Pair Trading IndexThe purpose of this indicator is to visually simplify the relationship between two assets when searching for pair trades or higher beta opportunities.
With highly correlated pairs, it can be a blessing or a curse during volatility when you're somehow stuck in the only lower beta pairs, or maybe you're market neutral and the wrong leg starts nuking.
This indicator was built as a visual way to track pair relationships.
Fundamentally, this script does the following:
Plots the relative performance of the relationship between two assets across multiple time horizons
Uses a consistent measurement of historical performance, regardless of asset -- currently standard deviations, may add log difference in the future
Plots a custom Average Directional Index on the current chart ticker for current asset contextual momentum
Plots the average 'rotation' of both the ADX and Pair Delta independently, over n numbers of rotations -- able to be specified using the 'Rotation Lookback' variable
If you've never pair traded crypto before (i.e. long $DYDX, short $ETH), you might not be aware that most highly correlated alt asset returns tend to oscillate on a low timeframe rolling basis around the performance of the majors -- and more recently, predominantly $ETH. With this in mind and using this oscillator, we can track that relationship.
Users are given the ability to adjust the following:
Comparison Asset
Fast and Slow Delta Lookbacks
Whether to wait for one bar delay during security calls
Rotation Lookback
Rotation Threshold for Pair Delta and ADX independently
ADX Lookback
Whether to utilize the ADX on the current chart ticker or also net that off against the ADX of the comparison asset
TO DO:
Aesthetic update to Pair Delta plot
Permanent fix for security call forced delay
RSI & ADX [APIDEVs]The RSI ( Relative Strength Index ) is an oscillator-type indicator used by traders who perform technical analysis to estimate the status of overbought or oversold of an asset on the stock market.
This tool gives the trader the advantage of comparing supply and demand (buying and selling), therefore, we must take into account the following interpretation for its use.
If the buy and sell index are equal, the indicator takes a percentage value of 50, which indicates that the relative forces are in equity.
As its value is over 50%, it indicates that the buyer interest is higher than the seller.
When it is less than 50%, then we must know that the selling force is greater.
It also indicates that when the RSI is above 70 on the oscillator, the price is oversold, therefore, it should exit the market.
Similarly, when the RSI is below 30, the asset is oversold, so it is considered convenient to buy.
NEW RSI & ADX
The main improvement lies in the incorporation of a script that allows to visually observe the force of the movement and that this reinforces the perception of the RSI trajectory. It is for this reason that we incorporate the Average Directional Index ( ADX ) in this indicator so that through its logic it can provide other visual elements to help traders.
In this merger we try to maintain the original design of the RSI in order to make a clean integration that does not confuse traders with another indicator.
Improvements made:
• The coloration resulting from the crossing of the DI + and DI- of the ADX was incorporated into the line that marks point 50 of this indicator.
o When the Di + is above the DI- the trend is bullish therefore the middle line of the RSI will be painted green.
o When the Di- is above the DI + the trend is bearish therefore the middle line of the RSI will be painted green.
• A green background was added for the uptrend and red for the downtrend, which is activated exclusively when the price acquires a strong trend. This highly important feature for the interpretation of this new version of the indicator was absorbed from the ADX.
• A function was added that allows showing the weakness of the RSI by changing its color from green to red as the case may be.
• Thinking of the more traditional users, a function was incorporated that allows painting the RSI in a single color.
• A color selector was incorporated that allows painting the candles based on ADX or RSI.
• Added a side panel that indicates the numerical value of the ADX and the RSI.
• As a visual improvement, an upper and lower band was created that more clearly shows the oversold and overbought state of the oscillator.
ADX_Oscillator [APIDEVs]ADX (ORIGINAL VERSION)
The ADX Indicator ( Average Directional Index ), is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In its original version, it is made up of 3 lines that represent the direction and strength of the movement:
• A line representing the ADX indicator.
• A green line representing the bullish Direction Index (DI +).
• A red line representing the Bearish Direction Index (DI-).
When the ADX is greater than 35, the market is in a strong trend, when it is between 35 and 20 the market is in trend and when it is less than 20 it indicates that the market is in range.
ADX OSCILLATOR (OUR VERSION)
At APIDEVs we really care about improving the understanding and experience of our users, which is why, in response to multiple requests, we decided to make important modifications to the ADX , which we consider to be the most powerful indicator of strength.
For many traders it was really confusing to understand that the ADX could be bullish or bearish and at the same time have the same numerical values, so in our version of the “ADX PRO +” we added colors and different intensity levels for your better understanding, however. , many needed a more explicit indicator and it is based on this request that we decided to take a leap into the incredible and that is how the “ADX OCILLATOR” was born.
We convert the ADX into a trend oscillator, now simpler and with multiple advantages which we will proceed to list:
1. The ADX was transformed into a directional oscillator whose color is based on the crossing of (DI +) and (DI-). This modification opens the door to the replacement of the Squeeze Momentum Indicator (SQZMOM) as a directional complement to the ADX .
2. A Background was added that is activated exclusively when the market has a strong upward or downward trend, specifying through its colors and intensity the type and direction of the force.
3. The original ADX parameters were adjusted to almost eliminate completely the “no trend” condition. This condition only created confusion for traders.
4. Added a system of signals based on the direction of the oscillator and the strength of the ADX .
• When the oscillator is sloping up and the ADX is green, the LONG (L) signal is activated.
• When the oscillator slopes downward and the ADX is red, the SHORT (S) signal is activated.
5. A side panel has been enabled that visually expresses the numerical value and direction of the ADX , as well as the direction of the oscillator.
6. An alert system was enabled so that traders receive notifications on all their devices:
• It is activated when the ADX changes color.
• It is activated when the Oscillator crosses the 0 point.
• It is activated when any input signal is activated.
RSI Bands [APIDEVs]RSI BANDS:
It is an exclusive product of ApiDevs, this indicator selectively integrates a series of highly advanced algorithms that aim to provide the trader with an effective and profitable trading system, based on a series of conditions that project the price direction with a reasonable probability.
This indicator bears the name of “RSI Bands”, this is because we have based this trading system on the “Relative Strength Index ( RSI )”, the strength of this indicator is centennial and we at APIDEVs have decided to focus our efforts on the development of powerful tools based on the favorite indicators of the afternoon.
WHAT IT HAS INCORPORATED:
1. Exponential Moving Average (EMAs): The RSI Bands has, by default, a band composed of two moving averages of 10 and 55 exponential periods, which can be modified in the indicator menu.
• Possibility of changing the value of the EMAs.
• Function was enabled to change the color and transparency of the bands.
• Visual alerts SHORT (L) and LONG (L) were added when there is the crossing of the EMAS.
• Hull Moving Average ( HMA ) of 100 periods was also incorporated, also modifiable for those who wish to strengthen their visual analysis. (Disabled by default)
• We also add an Exponential Moving Average ( EMA ) of 200 periods to mark the trend. (Disabled by default).
2. ATR ( Average True Range ): This indicator has two main functions in the RSI Bands, the first is to mark the trend of the asset and the second is to establish a margin of safety in price volatility , that is, a maximum estimate of the setbacks without this representing a change in the direction of the price.
3. RSI ( Relative Strength Index ): It was visually incorporated into the RSI Bands, the graph is obtained on the right side and its purpose is to visually indicate where the price is with respect to the RSI PRO+ indicator, offering the following improvements :
• ALERT SYSTEM: THE RSI PRO+ has the ADX incorporated into its algorithm, which allows establishing a filter that will provide reliable inputs, represented by the LONG (L) and SHORT (S) signals.
• FILTER AGAINST TREND: The signals described above will be activated according to the crossing of the RSI above the 50 point, provided that the ADX agrees with the market direction.
• Possibility of deactivating this graphical representation.
4. ADX ( Average Directional Index ): The ADX in this indicator is intended to estimate the strength of the movement, it is present in each part of the code, either to indicate the strength of the market or to serve as a filter against trend. In the same way, we apply certain exclusive improvements for this indicator:
• It was established as default values of the ADX that the Level Range was 10 and the Level Trend 25. This significantly changes the behavior of this indicator, almost completely eliminating the zone of disinterest that was usually considered.
• A function was activated to paint the sails the color of the ADX .
5. ADX Ocillator: Yes, we developed a Wave oscillator type ADX and incorporated it into this strategy. From this indicator, which we recommend using in conjunction with the RSI Bands, we extracted the LONG (L) and SHORT (S) signals. The ADX Oscillator is the improved version of the traditional ADX as it offers the following improvements:
• Its interpretation is much simpler.
• Allows you to set entry and exit signals during the trend change and during the price path.
• It has an integrated alert system.
STRATEGY PANEL:
This panel is an exclusive creation of APIDEVs, and its purpose is to parameterize five conditionals based on the indicators that make up our RSI strategy, giving the trader an immediate vision of the status of the asset analyzed considering this strategy. That is, we decided to transfer our experience of using this indicator on a panel that will project the price trajectory visually. It has the following characteristics:
• It can be placed anywhere on the screen through the main menu of the indicator, it can even be deactivated.
• It can be resized, we designed this to adapt to all types of screens, including those of mobile phones.
• It has an upper panel called "Project" which will calculate the percentage probability that the price has to take a direction based on all the indicators incorporated into the strategy. Their values range from (+ 100%) to (-100%).
STRATEGY PANEL PARAMETERS:
1. EMAs: This panel has 2 variables:
• LONG: If the fast EMA is above the slow EMA .
• SHORT: If the fast EMA is below the slow EMA .
2. RSI: This panel has 3 variables:
• LONG: The RSI should be bullish (green) and above the 50 point.
• SHORT: The RSI should be bearish (red) and be below the 50 point.
• RANK: (Range)this condition is activated when there is no concordance with the RSI condition and its crossing.
3. ATR: This panel has 2 variables:
• LONG: When the price is above the ATR.
• SHORT: When the price is below the ATR.
4. ADX: This panel has 3 variables:
• LONG: The ADX is green. That is, the DI + is above the DI-.
• SHORT: The ADX is red. That is, the DI- is above the DI +.
• RANK: ADX is below point 10.
It also has a numerical value that indicates the value of the ADX and two texts indicating the strength of the trend:
• Trend ( bullish or bearish ).
• Strong trend ( bullish or bearish ).
5. OSC: This panel has 3 variables:
• LONG: The oscillator slopes upward and the built-in ADX is green.
• SHORT: The oscillator slopes downward and the built-in ADX is red.
• RANK: The oscillator slopes downward and the built-in ADX is green and the opposite. In short, there is no coherence in the movement of the oscillator and the projection of the ADX .
TL_Strategy [APIDEVs]TL_STRATEGY:
The TL_STRATEGY , is a whole ecosystem of indicators that make up a quite powerful and famous strategy in cryptocurrency trading, it is composed of the following indicators:
• Exponential moving media bands (10 and 55).
• Squeeze Momentum indicator (SQZMON PRO +).
• Volume profile (VP Developed by APIDEVs).
• Average directional index ( ADX PRO +).
In ApiDev , we decided to visually optimize this strategy, that is why we created an information panel that shows the joint projection of all the indicators that we already mentioned.
IMPROVEMENTS MADE IN THE STRATEGY:
Simpler: We simplified the interface of all indicators [so that the trader can follow the ABCs of his strategy without much complication.
Buy and sell signals: Based on a strategy that incorporates two moving averages of 10 and 55 periods, the observation of the strength of the ADX and the directionality of the oscillators of the SQZMON, signals of buying and selling to be valued by the trader.
Side panel: We integrate a side panel that allows observing the assessment and direction of all the indicators that make up the strategy.
It has an alert system that will send notifications about the changes that occur in the indicator.
QZMOM & ADX PRO+The Momentum Squeeze Indicator is a momentum oscillator that indicates how explosively the price will move. Its first known version was called "TTM Squeeze" by John Carter explained in his book "Mastering the Trade" (chapter 11) and popularized in TradingView by a developer named LazyBear.
The black crosses on the center line show that the market has just entered a consolidation. This means low volatility, the market is preparing for an explosive move (up or down). The gray crosses mean the "Squeeze". Carter suggests waiting until the first gray after a black cross and taking a position in the direction of the oscillator. For its part, LazyBear recommends using an additional indicator such as ADX to improve the effectiveness of entry points and position closures.
Oscillator understanding improvements:
During the indicator creation process we were able to better understand the logic of the oscillator and based on that knowledge we implemented improvements.
Oscillator development improvements:
Side panel:
The ADX algorithm was incorporated, which is displayed numerically on the right panel of the indicator, shows the value of ADX and its directionality.
Added an arrow pointer to indicate oscillator directionality.
Two exponential moving averages of 11 and 55 periods have been added to the right panel, this will mark if the trend is bullish or bearish depending on the crossover of the EMAs.
An indicator of the Indicator Squeeze was also included, which marks the periods of price consolidation (OFF) and the periods in which the price should react explosively.
Added a feature that allows automatic color changing of the panels based on the color of the oscillator and the ADX.
o ADX: Dark green (bullish force).
o ADX: Light green (loss of bullish strength).
o ADX: Dark red (bearish force).
o ADX: Light red (loss of bearish strength).
o ADX: Orange (loss of strength, disinterest and low volume).
Signs:
A very famous strategy that we have learned is that of the trading expert Jaime Merino, who by combining the Momentum Squeeze Indicator and a ADX común, logró vincular eficientemente la debilidad del ADX con el inicio de un momentum alcista o bajista. La parametrización de su estrategia se señaló en alertas de compra y venta, que se representan de la siguiente manera:
B (Comprar): se activa cuando un movimiento bajista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad alcista (impulso alcista).
S (Vender): se activa cuando un movimiento alcista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad bajista (momentum bajista).
Filter:
To prevent any trader from trading against the trend, a filter was added that limits bearish entry alerts when the trend is up and vice versa, that is, when the EMA 10 is above the EMA 55, it is understood that the trend is up in that time frame, therefore bearish entry alerts will not be triggered. It will be the decision of each trader to activate or deactivate this function.
Alerts:
This is without a doubt the most awaited function for all Latin American traders, (Just kidding), but being aware, I am very proud of the implementation of alerts for each improvement made to this indicator, if you decide to use the Momentum Squeeze Indicator you can automate alerts for the following actions:
Buy and sell alerts.
Alerts to activate the Squeeze to (ON).
Oscillator quadrant change alerts
or bullish momentum.
or bearish momentum.
o Bullish force.
o Bearish force.
Recommendations:
One of the things that became clearer in the development of this indicator is the coloring of the dials, which is why we recommend the use of four colors, one for each oscillator grid.
Clean ADX with bidirectional Breakout VolumeThe default Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. The Clean ADX helps traders determine the strength of a trend on a longer time, and the possible direction on different timeframes.
The bidirectional Breakout Volume determines both directions of breakout or breakdown volume. When volume is high by comparing the previous volume high over n periods to the current volume or when volume is lower by comparing the previous volume low over n periods to the current volume.
If the current volume exceeds the previous volume high or low, then the indicator columns will turn red or green.
This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
The combination of the first and second indicator therefore makes perfect sense to me and now you are able to find your long or short trends earlier.
I hope you enjoy my new ideas
best regards
Chervolino
ZenBot Signals - Trend StrengthI developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists.
- If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts)
- Price action rising/falling thru various VWAP standard deviations indicates a strong trend break
- Some other custom juju (open source so have fun).
I use this primarily to monitor the SPY index as a backdrop for my long and short trades. If the colored line below price bars is red or green, a strong trend is present and there is a decent trade environment.
Macro Directional IndexCore to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100
This indicator has 4 values in the status line:
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change
DI Rate of Change
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. "Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often.
Directional Index Middle Channel
Between the DI+ and DI- is a black centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross."
Alpha ADX DI+/DI- V5 by MUNIF SHAIKHMODIFIED ADX DI+/DI- V5
Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable.
Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish , but if ADX is below 20, the signal should be disregarded.
The line control represents, if the ADX is greater than the line of 25, the price trend is considered strong
TradeWithAB SignalsThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results.
Guidelines :-
1. Default Timeframe - 5 min
2. You have to take almost all the trade generated by this indicator on a particular stock/index for better results.
3. Signal confirmation is required for enter the trade as it will give you maximum profits.
4. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal.
5. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios.
6. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios.
7. Ignore the signals(if any) of 1st candle(9:15)and last candle(3:25)of the day for better results.
BUY Trade Management :-
1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the LOW of the signal generated candle.
4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated.
5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade.
7. After Exiting the trade you always have option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures.
SELL Trade Management :-
1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the HIGH of the signal generated candle.
4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated.
5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade.
7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures.
Disclaimer :-
*I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well.
Instructions to access to this invite-only script:-
*Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
ATR Trend FollowingThe script filters stocks on the basis of ATR. If the stock has moved above 7 times the ATR from the lows, the system generates buy signal and continues till the stock drops by 2 ATR. It is a good system in trending markets however in sideways consolidating markets, the system must be avoided. In trending markets it can generate good returns with significant Risk to Reward Ratio. Use it in confirmation with other trend depicting indicators is expected to generate better results.
Moving Average Directional IndexMADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following:
As the value of MADX increases, so does the strength of a trend
If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa..
There will be situations where MADX- and MADX+ cross multiple times in a short period of time -> that will mean that market indecision is happening and big move will most likely happen after it.
For the calculation of MADX+ and MADX- we need Moving Averages or Exponential Moving Averages with three specific sources ( high, close, low ).
Now, the calculation of each MADX will differ
=> for MADX+: Moving Average (high) / Moving Average (close)
=> for MADX-: Moving Average (close) / Moving Average (low)
Length of Moving Average is editable.
Directional Movement RibbonWhat makes this different from directional movement index?
The aim is to reduce the amount of data analysis necessary before taking action; currently using DMI requires reviewing the DM+ and DM- plots, and ADX as well as review the overall trend of each one. Also there is the final analysis to determine whether a strong trend hasn’t been established at all.
This indicator condenses the information found from the standard DMI into an intuitive colored ribbon that reveals direction and strength at a glance.
How to use it?
Review the ribbon for sentiment based on color, green being bullish and red being bearish, (if using default color scheme). The brightness of the color determines the strength of the sentiment, brightest being strongest. If no color is represented at all then it is due to weakness and/or lack of direction.
Features
All colors customizable
Toggle display of indecision areas
Adjust levels considered strong, weak trends
Which markets is this meant for?
This can be used in any market, though it’s recommended to use with liquid markets where direction and strength can be found often.
What conditions?
Recommend to utilize with key levels and most commonly utilized moving average periods such as 20, 50, 100 or 200.
Trend Surfers - Momentum + ADX + EMAThis script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.
Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)
Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA
Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
Directional Index Macro IndicatorWhat is This For?
The default settings for this indicator are for BINANCE:BTCUSDT and intended to be used on the 3D timeframe to identify market trends. This indicator does a great job identifying whether the market is bullish, bearish, or consolidating. This can also work well on lower time frames to help identify when a trend is strong or when it's reversing.
Directional Index Rate of Change
Core to this indicator is the rate at which DI+ and DI- are moving away or towards each other. This is called The Rate of Change (ROC). "The ROC length dictates how many bars back you want to compare to the current bar to see how much it has changed. It is calculated like this:
(source - source /source ) * 100"
The rate of change is smoothed using an EMA. A shorter EMA length will cause the ROC to flip back and forth between positive and negative while a larger EMA length will cause the ROC to change less often. Since the rate of change is used to indicate periods of 'consolidation', you want to find a setting that doesn't flip back and forth too often. Between the DI+ and DI- is a blue centerline. Offset from this centerline is a channel that is used to filter out false crosses of the DI+ and DI-. Sometimes, the DI+ and DI- lines will come together in this channel and cross momentarily before resuming the direction prior to the cross. When this happens, you don't want to flip your bias too soon. The wider the channel, the later the indicator will signal a DI reversal. A narrower channel will call it sooner but risks being more choppy and indicating a false cross.
Indicator Status Line
This indicator has 4 values in the status line (in order):
DI+
DI-
Distance between DI+ and DI-
DI Rate of Change ( how quickly are DI+ and DI- moving away or towards center )
Indicator Plots
This indicator plots DI+ (green), DI- (red), and a center channel between DI- and DI+. Across the top of the indicator, red and green triangles indicate the market trend while the background changes to show whether the price is in an impulse wave or consolidating. This makes up 4 possible scenarios:
Bullish impulse wave ( green triangle up + green background )
Bullish consolidation ( green triangle up + yellow background )
Bearish impulse wave ( red triangle down + red background )
Bearish consolidation ( red triangle down + yellow background )
Summary
Combined with support and resistance levels, volume, and your other favorite indicators, this can be a useful tool for validating that your entries are not going against the trend.
Disclaimer
This is not financial advice. Do not take trades only based on the DI+ and DI- crossing. Always use multiple indicators to validate your entries and never take a trade when you aren’t emotionally grounded. Have a plan. Stick to the plan.
The screenshot for this strategy is of a manual historical review of BTC on the 3 day chart. The indicator was built to try and mimic the chart above. You’ll see that it nails it sometimes, is a little late sometimes, and chops around between consolidation and impulse waves when it should stay in consolidation. Share your settings if you are able to improve the choppiness without sacrificing catching the reversals early.
ADXVMA iTrend [Loxx]ADXVMA iTrend is an iTrend indicator with ADXVMA smoothing. Trend is used to determine where the trend starts and ends. Adjust the period inputs accordingly to suit your backtest requirements. This is also useful for scalping lower timeframes.
What is the ADXvma - Average Directional Volatility Moving Average?
Linnsoft's ADXvma formula is a volatility-based moving average, with the volatility being determined by the value of the ADX indicator.The ADXvma has the SMA in Chande's CMO replaced with an EMA , it then uses a few more layers of EMA smoothing before the "Volatility Index" is calculated.
Included
Bar coloring
Alerts
Signals
Loxx's Expanded Source Types
VHF Adaptive ADXm [Loxx]VHF Adaptive ADXm is a variation of the ADX DI indicator with adaptive filtering using a vertical horizontal filter.
What is ADXm?
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart). And the DI+/- signals are displayed as their difference (gray).
The method of using this indicator is the same as the traditional one.
In addition, it displays the levels (dashed), above which the market is considered to be in a trend state. This level is usually set to approximately 20-25 percents--somewhat depends on the time frame it is used on.
What is VHF Adaptive Cycle?
Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX DI. Vertical Horizontal Filter does not, itself, generate trading signals, but determines whether signals are taken from trend or momentum indicators. Using this trend information, one is then able to derive an average cycle length.
Included:
Bar coloring
Alerts
Signal types: zero-line crosses, level crosses, or signal crosses
DMI Stochastic Extreme Refurbished█ CONCEPTS
DMI Stochastic Extreme was originally published by Barbara Star, PhD, in TASC magazine of January 2013.
Basically it describes an improved version of the ADX DI+/DI- indicator, created by J. Welles Wilder.
In the setup described by the author, the DMI Oscillator is used together with a stochastic oscillator of DMI.
First, the DMI Oscillator is obtained by subtracting the minus directional movement indicator value (DI-) from the plus directional movement value (DI+).
The final result is the "DMI Stochastic Extreme" indicator, in which the stochastic oscillator is calculated. Only instead of using the price value, the stochastic is obtained through the DMI value.
█ Goals
The final indicator described by Barbara is the Stochastic Oscillator of DMI.
However, to use the DMI oscillator together (as described in the magazine), it is necessary to plot it in a separate indicator, which consumes screen space.
That's why the idea of joining both the DMI oscillator and the DMI Stochastic Oscillator into one thing came up, optimizing the visualization.
Taking advantage of the fact that my hands are already dirty :), I created some fine adjustments.
█ HOW TO USE IT
Here are some examples:
1. With default params:
2. With custom DI Length of 21 (Histogram), DI Length of 13 (for Stoch Oscilator), Stoch Length of 5, and another theme.
3. Another params with less noise:
█ THANKS AND CREDITS
- Barbara Star (original creator)
- ucsgears (arrow logic)
DI-CD with ADXNew method of visualising the directional index values as calculated by BeikabuOyaji . Uses the slightly incorrect version of calculating DI+ and DI- as per the original script, but these seem to work.
Bars are coloured based on the higher DI value, green shades for DI+ being higher and red shades for DI-. The brighter coloured bars indicate that the higher DI value is increasing compared to the last bar while the lower one is decreasing.
