This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v4 · Own pane
Directional Movement Index
The Directional Movement Index plots the Average Directional Index (ADX) along with the Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI) in a separate pane.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code20
Settings2inputs
LicenceNone stated
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Directional Movement Index calculates trend strength and direction from price changes using true range and smoothed moving averages. The main settings adjust the ADX smoothing period and the DI calculation length. It helps identify trend direction as +DI above -DI signals bullish conditions and vice versa, but offers no entry or exit rules. It draws trend analysis tools on the price chart in a dedicated pane and works across any market or timeframe.
- ADX
- +DI
- -DI
- trend strength
- directional index
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Trend, Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ADX Smoothing | int | 14 | lensig |
| DI Length | int | 14 | len |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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