schwehrv

DI+ and AC

This script utilizes the Directional Movement Plus from the Directional Movement Index and Accelerator Oscillator (developed by Bill Williams to be based off of the Awesome Oscillator ) indicator to determine an entry signal. When the DI+ goes to a low value (<= 10), there is a high probability that a downtrend reversal may occur. The Accelerator Oscillator ( AC ) is used to compliment this theory by looking at the strength of the trend. As the AC shows weakening downtrend acceleration, we can confirm a potentional long entry.
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