DMI with Trend Highlight

2024年12月29日

//version=5
indicator("DMI with Trend Highlight", overlay=false)

// Inputs
adxThreshold = input.int(25, title="ADX Threshold") // ADX threshold for trend detection
dmiLength = input.int(14, title="DMI Length")
adxSmoothing = input.int(14, title="ADX Smoothing")

// Calculate DMI
[diPlus, diMinus, adx] = ta.dmi(dmiLength, adxSmoothing)

// Plot DI+ and DI-
plot(diPlus, color=color.green, title="DI+ (Positive Directional Index)")
plot(diMinus, color=color.red, title="DI- (Negative Directional Index)")

// Plot ADX
plot(adx, color=color.blue, title="ADX (Trend Strength)")

// Background color based on ADX value
bgcolor(adx > adxThreshold ? color.new(color.green, 90) : color.new(color.red, 90), title="Trend/Ranging Highlight")

// Add a horizontal line for the threshold
hline(adxThreshold, "ADX Threshold", color=color.gray, linestyle=hline.style_dotted)