ADX | DMI Trend StrategyThis strategy takes the ADX Indicator I wrote and applies it to a strategy for back testing purposes.
I've also applied a date filter so you can back test specific date ranges and a moving average filter so you can choose whether to filter your longs/shorts based on a moving average.
DMI
LIZ ADX+DMIThe thick lines represent ADX .
When the volatility increases, it faces up and the color changes from gray to green.
When the background is gray and starts to turn green from below the horizontal line of reference value of 20, the volatility increases, indicating that the environment is becoming easier to trade.
When ADX rises and then peaks out, the line goes down and the previously green line changes to gray.
This means that the trend that was going on before is now over.People who hold positions use them to sign off their hands.
Also, those who want to see the trend change and build a new position with a backstop can use it to sign their entries.
When the background is gray (due to the deterioration of ADX ), it indicates that the volatility is low, there is no value width, and the direction is unclear, so it's not a good time to trade.
The two thin lines, red and blue, are DMI.A red line at the top and a blue line at the bottom indicates that the buying power is dominant, and the gap between the two lines is painted red.
On the other hand, if the blue line is up and the red line is down, it shows that the selling power is superior and it is painted blue.
When the two ADX lines intersect, and the color between the lines is changing from red to blue or blue to red, it indicates that the buyer's advantage has changed.
You can look at when the line crosses, and then enter in the new direction of dominance and build a position.
You can also determine that your position is in line with the market flow if it is in line with your current predominance.
However, in the opposite case, it suggests that the position you have is not in the right direction.
When two DMI lines are crossed frequently, it indicates a range or random rate.
In such cases, the background is often gray, indicating that it is difficult to make a profit in trade.
If you are interested in the invitation-only indicator, please contact us on private chat.
太い線はADXを表してます。
ボラティリティーが上昇すると上を向き、色がグレーから緑に変化します。
背景がグレーの期間で、水平線で示す基準値20より低い位置から上を向き緑に変化し始める時、ボラティリティーが上昇し、トレードしやすい環境になりつつある事を示唆しています。
ADXが上昇し、やがてピークアウトするとラインが下を向き、それまで緑だったラインの色がグレーに変わります。これは、それまで続いていたトレンドが一旦終了した事を意味します。
ポジションを持っていた人は、手仕舞いのサインに使います。
また、トレンドの転換を確認し、逆張りで新規ポジションの構築を狙っている人はエントリーのサインに使えます。
ADXが低下しているせいで,背景がグレーになっている時は,ボラティリティーが低下しており、値幅がなく、方向性がはっきりしないという理由で取引に向いていない時期である事を示します。
赤、青2本の細いラインはDMIです。赤いラインが上、青いラインが下の時は買い勢力が優勢である事を示し、2本の線の間が赤に塗られます。
反対に青いラインが上、赤いラインが下の時は売り勢力が優勢である事を示し、青に塗られます。
2本のADXラインが交差し、線の間に塗られた色が、
赤から青、または青から赤に変化する時、買い方売り方の優劣が入れ替わった事を示唆します。
ラインがクロスするタイミングを見て、新しく優勢になった方向にエントリーし、ポジションを構築できます。
また、自分が既に持っているポジションが、現在優勢である方向と一致している時はマーケットの流れに合っていると判断できます。
しかし反対の時は、あなたが持っているポジションの方向が合っていない事を示唆しています。
2本のDMIラインが頻繁にクロスしている時は、レンジ相場やランダム相場である事を示唆します。
そのような時は背景もグレーになっている時が多く、トレードで利益を出すのが難しい環境である事を表しています。
招待専用インジに興味ある方はプライベートチャットに連絡をください。
Bullish and Bearish Engulfing and RSI, DMI and PSAR confirmationThe study combines Bearish and Bullish Engulfing pivot strategy with strong trend confirmative indicators:
Directional Movement Index (DMI)
Parabolic SAR
RSI Bands
Engulfing patterns in market provide a useful way for traders to enter the market in anticipation of a possible reversal in the trend. Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle "engulfing" the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend
The indicator can be applied to trading pairs with USD, USDT, ETH and BTC quote currencies. Indicator supports spot, futures and marginal trading exchanges. It calculates and compares values of the price action candles to define is there an engulfing and what type it is: bullish or bearish:
If there is a bullish engulfing the indicator fills price action candle with yellow color
If there is a bearish engulfing the indicator fills price action candle with purple color
Advantages of this indicator:
1. This indicator reveals presence of both types of engulfing simultaneously
2. Weak engulfment signals and market noises are filtered by RSI bands, DMI and PSAR confirmations. This allows to receive only strong and confirmed engulfments
3. This indicator includes both
Study with built-in custom alerts to use with your own software through web hook connection.
Strategy with configurable risk management settings (order size, commission, take profit, stop loss and trailing). This provides you opportunity of direct broker connection and allows to conduct backtests before applying the strategy to real account
At the chart you can see the historical price action of XBTUSD at BitMEX exchange from 9th of May 2020 till 17th of May 2020 indicator. Moments when the indicator triggered to enter a position are described with message clouds. Moments when a certain position should be closed are highlighted with circles and commented with clouds
How to use?
Long signals:
1. Apply indicator to the trading pair your are interested in
2. Once bullish engulfing conditions are met price action candle will be colored yellow.
3. Once price action breaks RSI resistance band, retraces and closes below the band the signal is finished and the position should be closed
Short signals:
1. Apply indicator to the trading pair your are interested in
2. Once bearish engulfing conditions are met price action candle will be colored purple.
3. Once price action breaks RSI support band, retraces and closes above the band the signal is finished and the position should be closed
Automatic strategy:
When conditions of long or short position from the strategy are met the script opens position.
Strategy.exit closes the position once risk management settings are met.
Strategy.close closes the position once RSI band rejection is confirmed
If you want to obtain access to the indicator please send us a personal message
Best regards,
SkyRock Signals team
unRekt - KISS AddieKISS Addie is the ADX and DI+- indicator and is part of the 'keeping it simple' series. ADX is your Average Directional Index and DI is you Directional Movement Indicator.
ADX - Will show the strength of the trend regardless of direction.
00 - 10 : No trend
10 - 20 : Transitioning trend
20 - 40 : Trending
40 - 99 : Exhausted (Can also be considered a stronger trend the higher it goes, but look to exit position once it begins to downward slope and pay attention to DI spread)
DI - Will show the direction of movement. This indicator includes two views of the DI. the DI+ and DI- crossover and a histogram of the spread between the two.
Bullish : Green crosses over red.
Bearish : Red crosses over green.
Ichimoku Cloud & ADX & DMI & MACD [tg1]Hi There! Sharing my strategy that is mainly build on Ichimoku Kinko Hyo and its Tenkan and Kijun crosses.
In addition, I added a few other indicators to have less false breakout signals. See more details below:
Long conditions :
1) Tenkan crosses over Kijun
2) Tenkan & Kijun > Kumo
3) Close > Kumo
4) Chikou > Kumo (-n periods)
5) ADX > Custom value
6) DI+ > DI-
7) MACD > Signal
8) SMA > 200
Short conditions are simply the other way around. This indicator has been mainly tested and tuned for BTCUSDT.
Directional Movement Index TrendThis DMI I modified to see the trend more clearly, and the ADX line changes according to the trend force, which is perfectly configurable, the configuration I left my default configuration, in case you want to modify it because you see the trend in different values, feel free, and basically the columns are the average of DI and also indicate the trend more clearly.
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Esse DMI eu modifiquei para ver a tendência com maior clareza, e a linha do ADX ela muda de acordo com a força de tendência, a qual é perfeitamente configurável, a configuração eu deixei a minha configuração padrão, caso você queira modificar porque você vê a tendência em valores diferentes, sinta-se livre, e basicamente as colunas são a média de DI e indicam também com mais clareza a tendência.
Wolfs ADX + DII have created an alternative visualisation of the ADX + DI indicator created by MasaNakamura, credits to them for providing the source code! :-)
The histogram represents the distance between the DI+ and the DI-. The crossing of the histogram is equal to the crossing of the DI lines.
The ADX line is coloured based on the threshold.
This creates a clean representation of the ADX + DI.
DMI + ADX + OBVThis 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 without a rise rise in the price, it might indicate a move up.
The (DMI) Directional Movement Indicator which shows the strength of the bulls versus the bears.
- The red line measures how strongly price moves downwards.
- The green line measures how strongly price moves upwards.
One way to trade this is on crossovers e.g.when the green line crosses the red; although it's best to combine this with another indicator or pattern for confirmation.
Another useful feature of the DMI is the ability to see strength of buyers and sellers pressure at the same time, acting as a confirmation before entering a trade.
The third way to use the DMI is when price makes a new high but the green line does not. (Or the price makes a new low and the red line doesn't) This is known as divergence and should act as a warning to tighten your stops or take profits because it signals a possible change of direction.
The last part of the indicator is the (ADX) Average Directional Index
This is the blue line and shows the strength of the trend regardless of direction. This can act as a confirmation for the DMI or other indicators in your trading system.
When the blue line is:
- above the green shaded area there is an extreme trend.
- in the green shaded area there is a very strong trend.
- in the yellow shaded area there is a strong trend.
- below the yellow shaded area there is no trend.
Sqeeze Momentum, DMI and Parabolic SAR study with alertsThe study combines Sqeeze Momentum, Directional Movement Index (DMI) and Parabolic SAR indicators indicators providing you with a powerful indicator with long and short scalping strategies in it
When conditions of long or short position from all mentioned indicators are met script opens position. Once trend changes it closes position and fixes profit
Advantages:
1. Deal start alert condition includes the folowing filters and requirements:
- Momentum value is adjusted using a relative proportion of volume at each timeframe scale to exclude a chance of opening position at a low impulse stage
- Squeeze momentum trigger condition is automatically checked before a position is opened
- +DI , -DI and ADX values are taken into account to confirm the trend direction
- Position size is taken into account to ensure there will not be opened any excess deals or alerts
2. Exit deal alert condition was modified using Parabolic SAR indicator. Hence, it is ensured positions will not be closed in a middle of a trend
3. Study allows you to apply custom alerts to any position you would like thus you can connect your own trading panels with TradingView Webhooks
If you want to obtain access to the strategy please send us a personal message
Sqeeze Momentum, DMI and Parabolic SAR strategyThe script combines Sqeeze Momentum, Directional Movement Index (DMI) and Parabolic SAR indicators in long and short scalping strategies
When conditions of long or short position from all mentioned indicators are met script opens position. Once trend changes it closes position and fixes profit
Advantages:
1. Deal start condition includes the folowing filters and requirements:
- Momentum value is adjusted using a relative proportion of volume at each timeframe scale to exclude a chance of opening position at a low impulse stage
- Squeeze momentum trigger condition is automatically checked before a position is opened
- +DI , -DI and ADX values are taken into account to confirm the trend direction
- Position size is taken into account to ensure there will not be opened any excess deals or alerts
2. Exit deal condition was modified using Parabolic SAR indicator. Hence, it is ensured positions will not be closed in a middle of a trend
3. Study is modified into strategy allowing you to use it directly through the trading panel
If you want to obtain access to the strategy please send us a personal message
Combo Backtest 123 Reversal & Dynamic Momentum Index This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum
Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator
is covered in detail in their book The New Technical Trader.
The DMI is identical to Welles Wilder`s Relative Strength Index except the
number of periods is variable rather than fixed. The variability of the time
periods used in the DMI is controlled by the recent volatility of prices.
The more volatile the prices, the more sensitive the DMI is to price changes.
In other words, the DMI will use more time periods during quiet markets, and
less during active markets. The maximum time periods the DMI can reach is 30
and the minimum is 3. This calculation method is similar to the Variable
Moving Average, also developed by Tushar Chande.
The advantage of using a variable length time period when calculating the RSI
is that it overcomes the negative effects of smoothing, which often obscure short-term moves.
The volatility index used in controlling the time periods in the DMI is based
on a calculation using a five period standard deviation and a ten period average
of the standard deviation.
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & Dynamic Momentum Index This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum
Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator
is covered in detail in their book The New Technical Trader.
The DMI is identical to Welles Wilder`s Relative Strength Index except the
number of periods is variable rather than fixed. The variability of the time
periods used in the DMI is controlled by the recent volatility of prices.
The more volatile the prices, the more sensitive the DMI is to price changes.
In other words, the DMI will use more time periods during quiet markets, and
less during active markets. The maximum time periods the DMI can reach is 30
and the minimum is 3. This calculation method is similar to the Variable
Moving Average, also developed by Tushar Chande.
The advantage of using a variable length time period when calculating the RSI
is that it overcomes the negative effects of smoothing, which often obscure short-term moves.
The volatility index used in controlling the time periods in the DMI is based
on a calculation using a five period standard deviation and a ten period average
of the standard deviation.
WARNING:
- For purpose educate only
- This script to change bars colors.
RedK_Directional Index / K xDMIHere'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:
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in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index ( +DI ) which represents how much the bulls are able to push the high of a bar compared to previous one, the Minus Directional Index ( -DI ), showing how much the bears are able to push the low of a bar from previous one, then the Average Directional index ( ADX ) line, which creates an oscillator of the +DI and -DI to represent the strength of a trend -- usually the lines will be colored accordingly (bulls = green, bears = red, and any different color for the ADX )
Similar to my version of the RSI , we take a classic concept, then use the computing and visualization "super powers" available to us today, to extend and improve on what those masters created in the past. I guess they sort of expected us to do exactly that :)
this "extended" version of DMI/ADX provides couple of highly needed features (in my opinion) -- let's explore:
trying as much as possible to avoid jargon - pls forgive me if i failed in some places.
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1 - the big change: the ability to visualize the ADX in a way that makes some more sense.
- the original calculation restricted the ADX to oscillate below zero - i'm sure they had a good reason to build it that way in the past - but to me, it becomes super hard to interpret what the ADX line means, especially when a negative trend (the bears) take over. by removing that restriction and allowing the ADX to oscillate up or down (and we're free to do that, so the indicator shows *us* what *we need* to see), we end up with an improved representation of the trend and the trend strength.
- also the original calculation applies a moving average (default 14 bars) of a moving average (another 14 of the Directional Indexes, which represent the strength of bulls vs bears) to calculate the ADX - that makes the ADX very "removed" from the base price values - i change that, and just smooth the initial +Di / -Di then calculate the ADX from there. again, this shows me the outcome of the (relatively) immediate moves.
2 - i use weighted average WMA () in all my averaging calculations .. i believe this type of average is the best to express the importance of recent days / bars vs the ones further in the past, compared to other averaging techniques
3 - ability to make the DMI volume-weighted .. but contrary to my RSI , this is not set by default.
4 - couple of options to view the unrestricted ADX (as an area or as histogram/columns .. which i call Vertical Bars) for improved visualization
other stuff:
5 - a "step" option for the ADX .. you can set the step option to an increment of, say 5 or 10. this is in case you prefer to see the trend more in "quality" terms - so the equivalent of weak, medium, strong, v. strong...etc -- since in reality, a number like 47.7683 doesn't really mean anything specific
6 - optional "strong trend" adjustable level
Settings & usage suggestion:
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i prefer to use the defaults (length = 7, smoothing = 3, ..etc) -- i believe these are more suitable to the much faster trading that we have now. you can review the comparison chart and see if this works for you, and adjust as you need.
from a "signal" standpoint, you can use the xDMI as you use the classic DMI/ADX, bulls (or bears) are in control when the corresponding DI line crosses the other going up, *AND* moving above the "strong trend" level that you can set as an extra filter (usually a value between 20 to 30), while ADX will show the quality/strength of the trend.
i suggest you also utilize this indicator with other trend / momentum confirmation methods, and additional analysis and not in isolation - as well as inspecting the prevailing / longer time frame to ensure you're acting in the direction of the broader move / trend.
the above chart includes a side-by-side comparison between our new xDMI with the classic DMI/ADX using the same settings - then we add at the bottom panel also the xDMI, but with my default (faster) settings and showing other visualization options that can be utilized - the Moving Averages on the top / price panel is just to help put the price movement into perspective in terms of trend and trend strength.
The code is open and commented - please feel free to use, share, comment & provide feedback. if you're a DMI fan, and you find this useful in your trading, i would be more than happy to hear about it
Good luck!
BlueswimmerdoespineSharing to learn and to help others.
Any feedback on layout/structure/shortcuts will always be appreciated.
Simple indicator for close of candle above or below EMA with ROC and CO acting as a filter.
[KICK] Ultimate ADXDMIThis indicator is a version of the ADX and DMI indicators optimized for maximum information conveyance related to trending price action in a compact space.
Use the ADX barchart to determine strength of trend. There are various configurable thresholds for this measurement as well as peak marking within the exhaustion zone. The higher the values in the bar chart, the stronger the trend. Low values indicate non-trending or choppy price action.
Use the DMI line graphs (as well as the color codes on the ADX barchart) to determine trending direction. You can offset the DI+ and DI- lines so that they are not directly on top of the ADX chart. When the DI+ is on top (blue line by default) the trend is up and when the DI- line (yellow by default) is on top the trend is down. The colors of the ADX chart also indicate direction with red indicating down and green indicating up. The "pale" shades indicate a nacent/immature trend, "bright" shades indicate a solid trend, and the "darker" shades indicate a strong trend that is mature. Look for these mature trends to "top out" and have their peaks marked when the trend has exhausted itself (note that the peak indicators will repaint 1-2 candles in the past after the "high" is confirmed).
You can specify up to 3 additional timeframes to monitor in the dot map below the ADX chart that will give you a generalized idea of the trend on those larger timeframes. In these heat maps, the color red indicates a down trend and green an up trend. The brighter colors denote strong trends while the darker colors are weaker. Grey dots in the heat map indicate no strong trend present. Some users actually prefer to turn off the main ADX and DMI visualizations and only display the multi-timeframe heatmap as a way of checking higher timeframe trends before entering their trades.
Use the link below to watch a tutorial video, request a trial, or purchase for access.
DMI-adxNothing special here
I just play with the formula of ADX and DMI that give this indicator which is combination of both
above zero =bullish
bellow zero =bearish
seems nice to spot trending
Trend-Following Combo-SuperTrend, EMA, Aroon, DMI, Laguerre RSIThis is a trend-following indicator which condenses two SuperTrend indicators -- one based on analysis over a shorter period of time (1.5, 7), and one based on analysis over a longer period of time (1.65, 100) -- into a single indicator which appears on your chart only when both the shorter- and longer-term analysis indicates a "SuperTrend" in the same direction.
Additionally, potential trade entry indicators are displayed in the form of up and down arrows when (by default) three of the following five indicators suggest that the market is trending in the same direction as both the shorter- and longer-term SuperTrend indicators:
EMA Crossover (8, 15)
Aroon Indicator (8)
Aroon Oscillator (8)
Directional Movement Index (DI +/-) (8)
Laguerre RSI (13)
You may update the parameters of any of the indicators to match your own preferences.
Additionally, you may also adjust the "Threshold" of indicators that must be in agreement with the SuperTrend to show a potential trade entry arrow. Bear in mind that if you set the Indicator Threshold too low, you will see more frequent trade entry arrows, many of which will not be profitable if taken. Similarly, set this value too high, and you will see fewer trade entry arrows that may not appear until after most of the "juice" in the trend has evaporated. Ideal values for the threshold seem to be between 2-4, depending on the symbol you are trading.
The following image shows all of the indicators referenced above on a 5-minute chart of the SPY during a single trading day:
And, here is the same period of time showing only the Trend-Following Combo indicator with default settings:
This indicator would not have been possible save for work contributed by the following:
SuperTrend by Rajandran R
Aroon w/ crossovers highlighted by seiglerj
Aroon Oscillator by jcrewolinsky
Directional Movement Index by TradingView
Laguerre RSI (Self Adjusting Alpha with Fractals Energy) by everget
(JS)DMI BarsAlright - so this is my own version of John Carter's "10x Bars"... I have done multiple things that are different from his version so they are slightly different..
So first of all the main indicator is based off of the ADX and the DMI;
For those who aren't familiar with it, Directional Movement is what you'd pull up under "built-in's" from the indicators tab (if you want to check it out).
The standard interpretation of this however, is when the ADX is above 20 that suggests the trend is strong, whereas under 20 suggests it is weak.
Also, when the D+ is above the D- that suggests a bullish trend, and D- above D+ suggests a bearish trend.
These bars take away the need to have it at the bottom of your screen, and places the data on the bars on your chart instead.
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So here's what the colors stand for -
Yellow - The ADX is under 20, no strength in trend
Shades of green occur when the ADX is above 20 and there's a bullish trend (D+ higher than D-)
Bright Green (Lime) - Bullish trend, D+ above 30
Green - Bullish Trend
Yellow Green - Bullish trend, D+ below 15
Shades of red occur when the ADX is above 20 and there's a bearish trend (D- higher than D+)
Bright Red - Bearish trend, D- above 30
Red - Bearish Trend
Orange - Bearish trend, D- below 15
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I have also added multiple time frame labels (label script used is the one created by Ricardo Santos)
These labels are color coded the same as the bars/candles, and they appear off to the right of your screen using every built in time increment from TradingView.
The purpose is to show you in real time, and on any chart resolution, what the current trend is on every individual time frame.
So using just one single chart you'll see your current resolutions candles, but also on the labels you'll see:
1 Minute
3 Minute
5 Minute
15 Minute
30 Minute
45 Minute
1 Hour
2 Hour
3 Hour
4 Hour
Daily
Weekly
Monthly
There is an input I added that allows you to adjust where your labels appear on the side of your screen as well!
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Now onto the volume spike portion of the indicator. This will plot a blue dot under each bar that has a spike in volume which meets your specified criteria.
I have 500% as the default setting.
What that means is that this indicator looks back and gets the 50 bar volume average and then applies dots where volume is 500% above average.
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Now finally, the reversal arrows. This is another simple to understand concept that I first read in John Carter's book "Mastering the Trade" that he calls "HOLP/LOHP".
I have added the ability to change the look back period you'd like the indicator to watch for highs and lows on.
What that stands for is 'High of Low Period' and 'Low of High Period', and it is used like this-
Whenever a bar makes a new high the indicator watches the low on that highest bar. Then when a bar afterwards makes a lower low then the one on the high bar,
a reversal arrow is given. Apply this same concept in the other direction in for the highs on the lowest bars.
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Now, I didn't want to make a "set" or have a bunch of different indicators out there that are all intended for the same package, so I took the time to put them together,
and if there's a part of it you don't care for they can easily be turned off in the settings.
Enjoy!
Combo Backtest 123 Reversal & DMI & Moving Average This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The related article is copyrighted material from Stocks & Commodities Aug 2009
WARNING:
- For purpose educate only
- This script to change bars colors.
Combo Strategy 123 Reversal & DMI & Moving Average This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The related article is copyrighted material from Stocks & Commodities Aug 2009
Combining DMI And Moving Average Trading System
WARNING:
- For purpose educate only
- This script to change bars colors.
Directional Movement Quality IndexIndicator DMX (Bipolar DMI) is calculated using the standard indicator ADX. However, as compared to that, it displays data as an oscillator with a signal line, and has shorter delay.
DMX = (P-M) / (P+M)
Signal = MA(DMX, Signal period, Method)
where:
P - (+DI) ADX indicator line;
M - (-DI) ADX indicator line.
Source: www.mql5.com
Sifo's DMIHelps for better entries with my strategy (link bellow) on binary trades and some swing trades 1H-4H (10-100 pips).