DMI ADX Signals

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("DMI ADX Signals", overlay = true)

// @keywords: dmi-crossover, adx-directional, stochastic-oscillator, buy-sell-arrows, dual-signal-modes, session-filter, chicago-time-window, di-plus-minus, k-d-crossover, signal-confirmation-bar, entry-price-tracking, take-profit-levels, overlay-signals, alert-messages, trend-strength-filter, intraday-entries, crossover-signals, crossunder-signals, combined-filters, trade-timing

// settings
_signal1 = input.bool(true, title = 'Use Signal 1')
_signal2 = input.bool(true, title = 'Use Signal 2')

_time_constraint = input.bool(true, title = 'Use Time Constraint')
_time_sess = input.session("0645-1700", title = 'Time Session')


is_time = time(timeframe.period, _time_sess, "America/Chicago") or not _time_constraint



// dmi
_dmi_length = input.int(14, title = 'DMI Length')
[di_plus, di_minus, adx] = ta.dmi(_dmi_length, _dmi_length)

dmi_buy1 = ta.crossover(di_plus, di_minus)
dmi_sell1 = ta.crossover(di_minus, di_plus)

dmi_buy2 = di_plus >= di_minus
dmi_sell2 = di_minus >= di_plus



// stoch
periodK = input.int(14, title="%K Length", minval=1)
smoothK = input.int(1, title="%K Smoothing", minval=1)
periodD = input.int(3, title="%D Smoothing", minval=1)

k = ta.sma(ta.stoch(close, high, low, periodK), smoothK)
d = ta.sma(k, periodD)

stoch_buy1 = k > d
stoch_sell1 = k < d

stoch_buy2 = ta.crossover(k, d)
stoch_sell2 = ta.crossunder(k, d)



// generate signals
buy_signal1cond = dmi_buy1 and stoch_buy1 and _signal1 and is_time and barstate.isconfirmed
buy_signal2cond = dmi_buy2 and stoch_buy2 and _signal2 and is_time and barstate.isconfirmed

sell_signal1cond = dmi_sell1 and stoch_sell1 and _signal1 and is_time and barstate.isconfirmed
sell_signal2cond = dmi_sell2 and stoch_sell2 and _signal2 and is_time and barstate.isconfirmed

buy_signal1 = buy_signal1cond[1] and high > high[1]
buy_signal2 = buy_signal2cond[1] and high > high[1]

sell_signal1 = sell_signal1cond[1] and low < low[1]
sell_signal2 = sell_signal2cond[1] and low < low[1]

plotshape(buy_signal2, "Buy Signal 2", style = shape.triangleup, location = location.belowbar,
 color = color.rgb(55, 129, 58), text = '', size = size.small)

plotshape(buy_signal1, "Buy Signal 1", style = shape.triangleup, location = location.belowbar,
 color = color.rgb(129, 202, 132), text = '', size = size.small)

plotshape(sell_signal2, "Sell Signal 2", style = shape.triangledown, location = location.abovebar,
 color = color.rgb(255, 50, 50), text = '', size = size.small)

plotshape(sell_signal1, "Sell Signal 1", style = shape.triangledown, location = location.abovebar,
 color = color.rgb(212, 159, 209), text = '', size = size.small)



// tp and stop lines
var float entry = na
var float signal_bar_range = na
var float tp1 = na
var float tp2 = na
var float tp3 = na

var float sl = na

entry := (buy_signal1 or buy_signal2) ? high[1] : (sell_signal1 or sell_signal2) ? low[1] : entry[1]
signal_bar_range := (buy_signal1 or sell_signal1 or buy_signal2 or sell_signal2) ? high[1] - low[1] : signal_bar_range[1]

// tp1 := (buy_signal1 or buy_signal2) ? entry + (signal_bar_range * _tp1) 
//  : (sell_signal1 or sell_signal2) ? entry - (signal_bar_range * _tp1)
//  : tp1[1]

// tp2 := (buy_signal1 or buy_signal2) ? entry + (signal_bar_range * _tp2) 
//  : (sell_signal1 or sell_signal2) ? entry - (signal_bar_range * _tp2)
//  : tp2[1]

// tp3 := (buy_signal1 or buy_signal2) ? entry + (signal_bar_range * _tp3) 
//  : (sell_signal1 or sell_signal2) ? entry - (signal_bar_range * _tp3)
//  : tp3[1] 

// sl := (buy_signal1 or buy_signal2) ? low[1]
//  : (sell_signal1 or sell_signal2) ? high[1]
//  : sl[1] 


// plot(entry, title = 'Entry', color = color.blue, style = plot.style_circles)
// plot(tp1, title = 'TP 1', color = color.green, style = plot.style_circles)
// plot(tp2, title = 'TP 2', color = color.green, style = plot.style_circles)
// plot(tp3, title = 'TP 3', color = color.green, style = plot.style_circles)
// plot(sl, title = 'SL', color = color.fuchsia, style = plot.style_circles)




// alerts
var bool is_alert = na
var string alert_str = na

is_alert := buy_signal1 or buy_signal2 or sell_signal1 or sell_signal2
alert_str := buy_signal1 ? "BUY SIGNAL 1"
 : buy_signal2 ? "BUY SIGNAL 2"
 : sell_signal1 ? "SELL SIGNAL 1"
 : sell_signal2 ? "SELL SIGNAL 2"
 : na

if is_alert
    alert(alert_str, alert.freq_once_per_bar_close)