PROTECTED SOURCE SCRIPT
ADX and DI by MiG
This Pine Script calculates and plots the ADX (Average Directional Index) and its components, DI+ and DI-, which are part of the Directional Movement Index (DMI) system. The indicator helps traders assess trend strength and direction.
len: the period used for smoothing calculations (default 14).
th: threshold line for ADX (default 20) to visually indicate weak vs. strong trends.
True Range (TR): Measures the most extreme price movement between consecutive bars.
Directional Movement Plus (DM+): Measures upward movement; non-zero only if the current high is higher than the previous high and exceeds downward movement.
Directional Movement Minus (DM-): Measures downward movement; non-zero only if the current low is lower than the previous low and exceeds upward movement.
• DIPlus and DIMinus are the smoothed Directional Indicators (percentage form).
• DX measures the relative difference between DI+ and DI- as a percentage.
• ADX is the smoothed average of DX, representing trend strength:
• ADX > threshold → strong trend
• ADX < threshold → weak or no trend
len: the period used for smoothing calculations (default 14).
th: threshold line for ADX (default 20) to visually indicate weak vs. strong trends.
True Range (TR): Measures the most extreme price movement between consecutive bars.
Directional Movement Plus (DM+): Measures upward movement; non-zero only if the current high is higher than the previous high and exceeds downward movement.
Directional Movement Minus (DM-): Measures downward movement; non-zero only if the current low is lower than the previous low and exceeds upward movement.
• DIPlus and DIMinus are the smoothed Directional Indicators (percentage form).
• DX measures the relative difference between DI+ and DI- as a percentage.
• ADX is the smoothed average of DX, representing trend strength:
• ADX > threshold → strong trend
• ADX < threshold → weak or no trend
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.