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DMI ADX TREND 2.0 (edit by GeertVD)

72 495
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)
Release Notes
minor update
Release Notes
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.
Release Notes
Added the option to overlay the VFI on the ADX graph.
GeertVD
ADXAverage Directional Index (ADX)Directional Movement Index (DMI)DMIvfi

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.
ADXAverage Directional Index (ADX)Directional Movement Index (DMI)DMIvfi
GeertVD

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.