OPEN-SOURCE SCRIPT

DMI ADX TREND 2.0 (edit by GeertVD)

已更新
Edit of the popular script by TraderR0BERT

New features:
- 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)
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minor update
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I changed the detection of a momentum change: momentum change now corresponds to the high of the MDI, provided it is above the user-specified threshold.
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Added the option to overlay the VFI on the ADX graph.
ADXAverage Directional Index (ADX)Directional Movement Index (DMI)DMIvfi

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