OPEN-SOURCE SCRIPT
ADX / DMI(+)(-) TRENDICATOR
## Draft Description
**ADX / DMI(+)(-) TRENDICATOR** is a responsive trend-strength and directional-momentum indicator designed to complement an **8 EMA / 20 EMA trading system**.
It combines:
- **ADX** to measure trend strength
- **DI+** to measure bullish directional pressure
- **DI−** to measure bearish directional pressure
- **20 and 40 ADX levels** to identify developing and strong trends
- **Angel Crosses** when DI+ crosses above DI−
- **Death Crosses** when DI− crosses above DI+
- Confirmed-candle alerts designed to avoid intrabar repainting
The default calculation settings use an **8-period DI length** and **8-period ADX smoothing** for a faster response to recent price candles. All calculation settings remain adjustable for different markets and timeframes.
The indicator includes customizable:
- ADX, DI+, and DI− visibility
- ADX and DI line widths
- Line, stepline, and circle plot styles
- Indicator colors
- Horizontal level visibility and styles
- ADX alert threshold
- Directional DI fill
Use ADX to determine whether a market is trending, then use DI+ and DI− to identify the dominant directional pressure. For example, a bullish EMA alignment combined with DI+ above DI− and ADX above 20 may indicate strengthening bullish momentum.
## How It Differs From Typical ADX/DMI Indicators
### 1. Confirmed-candle behavior
Many indicators react to changing intrabar values, causing temporary crosses or signals that can disappear before the candle closes. This indicator commits ADX, DI+, and DI− values only after candle confirmation, helping prevent intrabar signal repainting.
### 2. Designed for faster EMA-based systems
The default **8/8 settings** are intended as a responsive starting point for an **8 EMA / 20 EMA trend system**, rather than relying exclusively on the traditional slower 14/14 settings.
### 3. Clearer trend-strength framework
The fixed **20 and 40 levels** provide a simple visual framework:
- Below 20: weak or ranging conditions
- Above 20: trend development or moderate strength
- Above 40: strong trend conditions
### 4. More complete customization
Instead of only changing colors, users can control visibility, line widths, plot styles, level styles, and directional fills directly from the settings panel.
### 5. Expanded alert system
The indicator includes confirmed alerts for:
- Angel Crosses
- Death Crosses
- ADX crossing above or below 20
- ADX crossing above or below 40
- ADX crossing the custom alert threshold
### 6. Direction and strength are separated
Unlike systems that treat ADX as a buy or sell signal, this indicator keeps the concepts separate:
- **ADX = strength**
- **DI+ / DI− = direction**
- **8 EMA / 20 EMA = trend structure**
This helps reduce the common mistake of interpreting a rising ADX alone as a bullish signal.
**ADX / DMI(+)(-) TRENDICATOR** is a responsive trend-strength and directional-momentum indicator designed to complement an **8 EMA / 20 EMA trading system**.
It combines:
- **ADX** to measure trend strength
- **DI+** to measure bullish directional pressure
- **DI−** to measure bearish directional pressure
- **20 and 40 ADX levels** to identify developing and strong trends
- **Angel Crosses** when DI+ crosses above DI−
- **Death Crosses** when DI− crosses above DI+
- Confirmed-candle alerts designed to avoid intrabar repainting
The default calculation settings use an **8-period DI length** and **8-period ADX smoothing** for a faster response to recent price candles. All calculation settings remain adjustable for different markets and timeframes.
The indicator includes customizable:
- ADX, DI+, and DI− visibility
- ADX and DI line widths
- Line, stepline, and circle plot styles
- Indicator colors
- Horizontal level visibility and styles
- ADX alert threshold
- Directional DI fill
Use ADX to determine whether a market is trending, then use DI+ and DI− to identify the dominant directional pressure. For example, a bullish EMA alignment combined with DI+ above DI− and ADX above 20 may indicate strengthening bullish momentum.
## How It Differs From Typical ADX/DMI Indicators
### 1. Confirmed-candle behavior
Many indicators react to changing intrabar values, causing temporary crosses or signals that can disappear before the candle closes. This indicator commits ADX, DI+, and DI− values only after candle confirmation, helping prevent intrabar signal repainting.
### 2. Designed for faster EMA-based systems
The default **8/8 settings** are intended as a responsive starting point for an **8 EMA / 20 EMA trend system**, rather than relying exclusively on the traditional slower 14/14 settings.
### 3. Clearer trend-strength framework
The fixed **20 and 40 levels** provide a simple visual framework:
- Below 20: weak or ranging conditions
- Above 20: trend development or moderate strength
- Above 40: strong trend conditions
### 4. More complete customization
Instead of only changing colors, users can control visibility, line widths, plot styles, level styles, and directional fills directly from the settings panel.
### 5. Expanded alert system
The indicator includes confirmed alerts for:
- Angel Crosses
- Death Crosses
- ADX crossing above or below 20
- ADX crossing above or below 40
- ADX crossing the custom alert threshold
### 6. Direction and strength are separated
Unlike systems that treat ADX as a buy or sell signal, this indicator keeps the concepts separate:
- **ADX = strength**
- **DI+ / DI− = direction**
- **8 EMA / 20 EMA = trend structure**
This helps reduce the common mistake of interpreting a rising ADX alone as a bullish signal.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.