Traders always need a confirmation of momentum in price action to ride the swings. Momentum Play Indicator consists of the below: Bullish Conditions : 1)EMA 8 above EMA 34 and rising 2)Candle close above 5 candle high 3) RSI above 60 4) Volume above 5 candles avg. volume 5) ADX above 20 Bearish Conditions : 1)EMA 8 below EMA 34 and falling 2)Candle close below...
Why use the Flat Market and Low ADX Indicator ? Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from...
Simple table to show the values for indicators which can be used to initiate trades: RSI: Long above 55 // Short below 45 // Choppy between 45-55 DI+: Long above 25 DI-: Short above 25 Note when to avoid trend trades: - If DI+ and DI- are both below 25 then market is choppy - If RSI is between 45-55 then market is choppy
Thie indicator is a modified and upgraded version of the popular ADX tool. ADX is used to determine the strength of a trend, and also to determine the direction in which the trend is likely to go. With this script, I have added in the formula the usage of volume, leading to the following functionality. The length is used to determine the period to calculate...
The default Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. The Clean ADX helps traders determine the strength of a trend on a longer time, and the possible direction on different timeframes. The bidirectional Breakout Volume determines both directions of breakout or breakdown volume. When volume is high...
The Oscillator Extremes indicator plots the normalized positioning of the selected oscillator versus the Bollinger Bands' upper and lower boundaries. Currently, this indicator has four different oscillators to choose from; RSI, CMO, CCI, and ROC. When the oscillator pushes towards one extreme, it will bring the value of the prevailing line closer to zero. If...
Didi's Needles setup screener I basically used the screener created by QuantNomad , made some modifications and used the indicators from the setup Indicators used: Didi Index, ADX, Bollinger Bands, Trix and Stochastic. Signals from each column: Column 'Symbol' Blue Symbol: When the Didi, ADX and BB are with buy signals Yellow Symbol: When Didi, ADX and BB...
MODIFIED ADX DI+/DI- V5 Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable. Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish , but if ADX is below 20,...
Direction Movement Indicator (DMI) is a trend indicator invented by Welles Wilder, who also authored RSI. DMI+ and DMI- respectively indicate pressure towards bullish or bearish trends. ADX is the average directional movement, which indicates whether the market is currently trending (high values above 25) or ranging (below 20) or undecided (between 20 and...
This script combines Moving Averages with ADX Strength, but with an added bonus. Rather than having the Moving Average line always plot on the chart, it will reference the ADX strength based on the settings by the trader. This way, the Moving Average will not show on the chart unless there is also a strong direction in the trend. This may potentially be used to...
MADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following: As the value of MADX increases, so does the strength of a trend If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa.. There will be situations...
What makes this different from directional movement index? The aim is to reduce the amount of data analysis necessary before taking action; currently using DMI requires reviewing the DM+ and DM- plots, and ADX as well as review the overall trend of each one. Also there is the final analysis to determine whether a strong trend hasn’t been established at...
This script mixes the Lazybear Momentum indicator, ADX indicator, and EMA. Histogram meaning: Green = The momentum is growing and the ADX is growing or above your set value Red = The momentum is growing on the downside and the ADX is growing or above your set value Orange = The market doesn't have enough momentum or the ADX is not growing or above your value...
Hello traders, I am here again with a new and improved indicator. This indicator is based on a pivot breakout algorithm which gives buy and sell signals according to the breakout of trendline. This is an advanced version of another script. It also takes price action into consideration along with some basic indicators like MACD and ADX to give good entry signals....
ADXVMA iTrend is an iTrend indicator with ADXVMA smoothing. Trend is used to determine where the trend starts and ends. Adjust the period inputs accordingly to suit your backtest requirements. This is also useful for scalping lower timeframes. What is the ADXvma - Average Directional Volatility Moving Average? Linnsoft's ADXvma formula is a volatility-based...
VHF Adaptive ADXm is a variation of the ADX DI indicator with adaptive filtering using a vertical horizontal filter. What is ADXm? Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as...
★彡 𝓤𝓵𝓽𝓲𝓶𝓪𝓽𝓮 𝓡𝓢𝓘 𝓦𝓲𝓽𝓱 𝓢𝓸𝓶𝓮 𝓢𝓹𝓲𝓬𝓮𝓼 彡★ * Hi everybody here's the ★彡 𝓤𝓵𝓽𝓲𝓶𝓪𝓽𝓮 𝓡𝓢𝓘 𝓦𝓲𝓽𝓱 𝓢𝓸𝓶𝓮 𝓢𝓹𝓲𝓬𝓮𝓼 彡★ indicator and how to use it : 彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡 First we have that red : green {RSI EMA Line}line in the indicator which show the current symbol situation \ 𝐒𝐢𝐦𝐩𝐥𝐲 : 𝐢𝐟 𝐭𝐡𝐞 𝐥𝐢𝐧𝐞 𝐜𝐥𝐨𝐬𝐞 𝐰𝐢𝐭𝐡 𝐠𝐫𝐞𝐞𝐧 𝐜𝐨𝐥𝐨𝐫 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐨𝐩𝐞𝐧 𝐚 𝐥𝐨𝐧𝐠 𝐭𝐫𝐚𝐝𝐞 𝐚𝐧𝐝 𝐞𝐱𝐢𝐭 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞 𝐫𝐞𝐝...
█ CONCEPTS DMI Stochastic Extreme was originally published by Barbara Star, PhD, in TASC magazine of January 2013. Basically it describes an improved version of the ADX DI+/DI- indicator, created by J. Welles Wilder. In the setup described by the author, the DMI Oscillator is used together with a stochastic oscillator of DMI. First, the DMI Oscillator is...