very similar to previous version only here instead of using rsi dmi system , I use only dmi srsi cross up as seen as green and red trinangular on top or buttom. fib candles are the same no modification best buy if candles bellow 10 and sell if candles above 90
this indicator show you the best buy points and sell points on a combination of DMI and SRSI cross up or down represented in green or red triangular dots
The indicator has 3 part
1. buy sell pints based on rsi and stoch and DMI = green red trinagukar
2. crossing up of srsi =green cross points
3. fibonaci candels= below 10 best buy ,above 90 =best sell according to candles
this system is based on RSI+DMI and special candle based on fibonacci levels, best buy poiny is RSI + indicated in green triangle, DMI above 30 (red line) and low fib level ( bellow 30 better bellow 10) ..have fun
Not an upgrade as much as a tweek.
DMI+/- are slightly smoother.
ADX was modified to be a field that is negative or positive, the value of which was multiplied to be highly visible.
Hope you like it.
A new script I am currently using for autoview. Based on Directional Movement Index.
I will grant access to people willing to make a small donation.
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If you want to do some...
Standard DMI indicator, but with easier to understand colours and threshold lines.
I found myself constantly changing the colours every time I added the DMI indicator to a chart, so this indicator should fix that issue.
Green = Plus Directional Indicator ( +DI )
Red = Minus Directional Indicator ( -DI )
Blue = Average Directional Index ( ADX )
Comments...
This script is very much beta!
This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down...
This "Study" project has been created by request and is used in conjunction with the "Strategy" version.
*** EXPERIMENTAL ***
*** USE AT YOUR OWN RISK ***
Description:
Indicator based around Renko Bar Chart emulator (ATR) with direction change used to signal buy/sell trades.
I have generally found that setting the strategy ATR resolution to 3-5x that of...
It is a normal Directional Movement Index, but instead of using lines for +DI and -DI it uses histogram and 4 colors. It also contains an horizontal line (default value @20) to indicate when a trend is confirmed or not.
This is the 3rd version of Kay_BBands.
When +DI (Directional Index ) is above -DI , then Upper band will be visible and vice-versa.
This is when the ADX is above the threshold. 28 is the default in this version. I found its more appealing in 5M time frame.
BLUE - ADX under 10
GREEN - Uptrend, ADX over 10
RED - Downtrend, ADX over 10
Use it with another band...
This is the second version of Kay_BBands. But this is infused with ADX.
When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa.
This is when the ADX is above the threshold. 20 is the default but can be set to 25.
When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions.
Use it with...
ADX and DMI oscillator with the keylevel coded in to the script, set for 23, suggested settings is 23 - 25 any trade with the ADX above the keylevel is a strong indicator that it is trending.
There is a nice writeup about a system that uses DMISTO here, which includes decent statistics:
traderedge.net
I have not yet done any back testing on the system as a whole myself, but thought the DMISTO was an interesting indicator, so ported it over for those who might want to play with it and create their own systems. I added dots that denote signals similar...
![GBPUSD: [INDICATOR]Renko Emulator OCC v1 by JustUncleL](https://s3.tradingview.com/d/D3FBHgs9_mid.png "[INDICATOR]Renko Emulator OCC v1 by JustUncleL")
