ADX-DI MTF trend buffer - JD

31 may 2018

The indicator gives a multiplication of ADX and the DI+ and DI-values, color coded for bullish or bearish momentum
the indicator was optimised for use with HA-candles, but works with regular candles as well
and shows general market direction en divergence in a simpler visual way than the normal ADX-DI lines
a threshold mask can be shown or omitted as preferred

version 3. the indicator is now plotted relative to the 200 ema and can be seen as a "buffer" against price reversal

The timeframe of the indicator can be the current one or custom selected but gives better visual information if a longer timeframe than the current one is used.
The colors can be changed to fit with "Dark mode" or "Light mode"
a scaling option is available to downscale the trend indication relative to the price bars


JD

4 jul 2019

Notas de prensa

Code cleanup.

9 ene 2020

Notas de prensa

Small code adjustments.