VIDYA DMI Oscillator w/ DSL Levels is a VIDYA smoothed Direction Movement Index with Discontinued Signals. These two add on features allow for more accurate signals by reducing noise. What is the Direction Movement Index? Within the suite of indicators that make up Wilder’s directional movement index (DMI) are the plus directional movement indicator (+DI)...
This strategy is based on DMI indicator. It helps me to identify base or top of the script. I mostly use this script to trade in Nifty bank options, even when the signal comes in nifty. It can be used to trade in other scripts as well. Pivot points can also be used to take entry. Long entry is taken when DI+(11) goes below 10 and DI-(11) goes above 40, whereas...
This strategy is based on DMI indicator. It helps me to identify base or top of the script. I mostly use this script to trade in Nifty bank options, even when the signal comes in nifty . It can be used to trade in other scripts as well. Pivot points can also be used to take entry. Long entry is taken when DI+(11) goes below 10 and DI-(11) goes above 40 , whereas...
█ CONCEPTS DMI Stochastic Extreme was originally published by Barbara Star, PhD, in TASC magazine of January 2013. Basically it describes an improved version of the ADX DI+/DI- indicator, created by J. Welles Wilder. In the setup described by the author, the DMI Oscillator is used together with a stochastic oscillator of DMI. First, the DMI Oscillator is...
SUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL by RegisL76 (lebourg.regis@free.fr) This script is based on several trend indicators. * ICHIMOKU (KINKO HYO) * DMI (Directional Movement Index) * SUPERTREND ICHIMOKU + SUPERTREND DMI * DONCHIAN CANAL Optimized with Colored Bars * HMA Hull * Fair Value GAP * VOLUME/ MA Volume * PRICE / MA Price * HHLL BOXES All...
STD Aadaptive, floating RSX Dynamic Momentum Index is an attempt to improve Chande's original work on Dynamic Momentum Index. The full name of this indicator is "Standard-Deviation-Adaptive, floating-level, Dynamic Momentum Index on Jurik's RSX". What Is Dynamic Momentum Index? The dynamic momentum index is used in technical analysis to determine if a...
What if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done. What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go...
Quick Summary --------------------- The RedK Trader Pressure Index (REDK_TPX) analyzes the changes in price bars to give the trader a clear visual insight that represents the ongoing fight between the bulls (buyers) and bears (sellers) in the market - to determine who is in control of the price action, which in turn can be helpful in a trader’s decision about how...
This 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...
VOLUME PROFILE WITH BUY AND SELL PRESSURE LABEL This volume profile indicator shows volume traded for each bar and is colored according to the difference in buy and sell pressure(DMI). ***HOW TO USE*** If the bar and background is colored green, there is more market buying than selling on that bar. If the bar and background is colored red, there is more market...
USed the DMI Oscillator created by LARK "https://www.tradingview.com/v/T79b6F5n/" to create this DMI Stochastic Extreme. You can also use the DMI Stochastic by Lark Updated Version -
This is one of many new strategies coming soon which were seen on Trade Rush This one is the ADX / RSI Strategy seen here: https:www.youtube.com/watch?v=uSkGE0ujyn4 While the strategy has been modified slightly to use the DMI instead of the ADX, the core of the strategy is essentially the same Long signals are generated when the RSI is above 70, close is...
This is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend...
I decided to make this formerly invite only script public (you can find the invite only version here If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well. I would love to know your ideas and thoughts on how this indicator can be improved, so...
This script displays the following indicators in one pane to quickly determine several important factors regarding price action. It allows the user to quickly see all of most important factors surrounding price action in one pane with one quick glance. This should be incredibly helpful and allow things like double divergence and trend confirmation to be spotted...
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)
***************************************************************NO BIAS, NO GUESSING, JUST MATH****************************************************************************************** This script includes open-source code from the following author: LonesomeTheBlue Thank you for publishing your work This script was modified to enhance previous work as well as...
The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels . This is interpreted as price is compressing and building up energy...