OPEN-SOURCE SCRIPT
Updated Directional Movement Index
This is a standard ADX DMI indicator with Background colour and the option to draw the Background colour of the next higher timeframe.
Release Notes
Some code improvement.Signal added
Release Notes
Signal addedRelease Notes
Tooltips added and minor changes.Release Notes
Code updated.Release Notes
ADX slope background color added.Release Notes
Script converted to Pine v5.Release Notes
This script has been moved to legacy maintenance mode. No new features will be added. A new version is currently in development and will be published separately. " + "Recommended successor: MACD & DMI/ADX Context (MTF)Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.