TraderR0BERT

DMI ADX TREND

Simple DMI with ADX Indicator.

- DMI+ line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
- DMI- line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum

-ADX line plot with circles, with dynamic coloring, so that you can tell when a trend is increasing (green bars), or losing strength (red bars)

Alert Capabilities
DMI+ Crossover - when DMI+ crosses over a set threshold (default is 20) the alert will fire
DMI- Crossover - when DMI- corsses over a set threshold (sefault is 20) the alert will fire


To read more on the different uses for the DMI ADX indicator check out ADXcellence, a book written by Dr . Charles Schaap. I'm in no way affiliated or compensated, but that is where a lot of the principles come from that shape today's use of this indicator.
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Comentarios

Great indicator. thanks very much
Responder
Excellent! Thanks very much!
Responder
Excellent script Robert, what does the grey shaded background boxes indicate? sometimes on the 4 hr timeframe when +DI crosses-DI a grey shadow box appears behind it. does this mean to ignore that cross?
Responder
Hello, is that possible to have alert when DI+ or DI- cross over ADX line instead of fixed threshold ?
Responder
Great indicator, however how do I activate the alert?
Responder
@Unh00ked, take a look at the tradingview blog for help on how to create the alerts i've programmed into this script.
https://blog.tradingview.com/en/alerts-in-pine-1633/
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iGotHope TraderR0BERT
@TraderR0BERT, Would it be possible to set an pine script alert say X number of coins (Crypto) when the +D line has hit a specified number? Would love to be alerted when +D line is in the single digit on the daily timeframe in crypto. Thanks & great indicator by the way.
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