Indicator 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
Helps for better entries with my strategy (link bellow) on binary trades and some swing trades 1H-4H (10-100 pips).
-The line control represents, if the ADX is greater than the line of 20, the price trend is considered strong, some people increase it to 25 -Dynamic adx color to better differentiate movements
It is a highly optimized script for H4, D1. Backtests from (2016 - 2019, depending on the currency pair). Optimization still going on. Following alerts can be activated: - Buy-Signal (Baseline-Cross)! Sell-Signal (Baseline-Cross)! Buy Signal (Aroon)! Sell Signal (Aroon)! Buy Signal (DMI)! Sell Signal (DMI)! Buy Signal (RWI)! Sell Signal (RWI)! ...
This StochRsi goes with my Binary Strategy
Binary Strategy with signals, it uses more than 10 indicators in JUST 1. It has 3 different signals, the more signals you have, a better trade it is. You can also set alerts with it. Inbox for price -In the markets nothing is a 100% accurate.
2 Sotch RSI and a DMI Stoch that helps binary trade. Blue = 1 sothc rsi and red = stoch rsi
DMI calculate on VWAP, instead of regular OHLC prices.
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...
This is the combination of ADX and DMI. It will tell you about the trend strength. In easy language Green is for bullish , red is for bearish ,and third line which is of blue and yellow will tell you about the trend strength doesn't matter in which direction. Blue will tell you that trend is getting strength and vice versa for yellow. Keep an eye at...
Invite Only Script This script is based on a strategy using the Directional Movement Indicator and Accelerator Oscillator. DI+ can be modified depending of short, medium or long term trade. Green means buy zone Red means do no enter zone. This script is part of a strategy and Green doesn't mean you HAVE to buy. People invited to use this script should know...
An attempt to make a timeframe-resonating version of DMI Stochastic Extreme () using @alexgrovers Peak/Valley Estimation script () with Lazybear's MFI/RSI enclosed bollinger bands ()
This BINANCE:BTCUSDT This indicator uses RSI and adds it to +DI from the DMI indicator and plots the new value, when the value crosses the High line ==> Buy signal, close the trade based on EMA(20) value
ADX-DMI enhanced & modified for faster reaction ADX (black line) above 80 = mega-trend peaked, reversal imminent, rare case scenario ADX (black line) above 60 = trend topping out, reversal possible, depending on other indicators ADX (black line) above 25 threshold = trend strenghening DMI- (red line) - above 25 - bear trend strenghening DMI+ (green line) -...
Hi guys I combine RSI and DMI in one study with alerts when price is Overbought, Oversold. Buy and sell divergences in the DMI and strength of the trend in the background I hope its useful for you as its to me
A significant improvement over traditional DMI and an improvement over my previous DMI tweak. Example: the red circle is the trend reversal area. Traditional DMI in the middle is slow & ADX in purple often confuses first time users. My tweaked DMI at the bottom is basically a a slight visual modification of the middle ADX so both perform the same. The white box...
Three indicators combined in one window now. Details explained and formula explained in youtube video, unfortunately in Turkisk language Blue indicator is differance of DI+ and DI-, passing above zero level means buy signal, going under zero level means sell signal. Green indicator is differance of RSI(14) and RSI(28), above zero level buy signal, below zero...