This indicator plots the Schaff Trend Cycle in a separate pane. It subtracts a slow exponential moving average from a fast one, applies a stochastic cycle twice, and smooths each result to form a 0–100 oscillator. Line color follows the slope, or the upper and
Indicator · Pine Script v5 · Own pane
Directional Movement Index
This indicator calculates and plots the Directional Movement Index (DMI), including the Average Directional Index (ADX), Positive Directional Indicator (+DI), Negative Directional Indicator (-DI), and raw Directional Index (DX).
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code36
Settings2inputs
LicenceNone stated
Last update2 years ago10 Jun 2024
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 measures directional price movements and smoothes them using relative moving averages over user-defined lookback periods. Plotted in a separate pane with a reference line at level 20, it helps traders assess market trend strength and momentum direction across various assets.
- Average Directional Index calculation
- Positive and Negative Directional Indicators
- Raw Directional Index curve
- Customizable DI length and ADX smoothing parameters
Details
Published by
SOWRAJ on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Oscillators & momentum
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.
File
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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