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PROTECTED SOURCE SCRIPT

Hashem DMI/ADX

By rhawshemi
Updated
This indicator will time Breakouts.

DMI+ (DMI Plus) = Blue = Buying Pressure.
DMI- (DMI Minus) = Pink = Selling Pressure.
ADX = Overall strength of a Trend. White = Trend is strong and gaining momentum, Gray = Trend is Weakening.

Can apply same logic for Divergences on DMI+ and DMI- lines.
Release Notes
Added shapes when DMI+ and DMI- crosses.

DMI+ cross Up to the DMI- => UpShape in Aqua
DMI- cross Up to the DMI+ => DownShape in Purple
Release Notes
Code tweaks.
More Shapes.
Styling Update.
Release Notes
Code Tweaks. Styling Update.
Release Notes
Code Update.

USE WITH PURE BLACK BACKGROUND COLOR
Release Notes
Updated to v5 Pinescript.
ADXAMIAverage Directional Index (ADX)Directional Movement Index (DMI)dmiadxhashemstrengthtrendTrend Analysis

Protected script

This script is published closed-source and you may privately use it freely.

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rhawshemi
Without Risk and Position Management, You WILL Lose Money.
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