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
DX with Price-Aligned Color
This indicator calculates the Directional Index from plus and minus directional movement and true range, then plots the DX line in a separate pane.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code47
Settings2inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Line color is lime when DX is rising and price is up, red when DX is rising while price is down or when DX is falling, and gray otherwise. A simple moving average of DX is drawn in blue. Users set the DX smoothing length and the SMA length. Horizontal guides mark no-trend, trend-threshold, and strong-trend levels. It does not generate entries or exits.
- DX from plus and minus DI
- Price-aligned DX line color
- SMA of the DX line
- Horizontal trend reference levels
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Trend
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 |
|---|---|---|---|
| DX Length | int | 14 | dxLength |
| DX SMA Length | int | 5 | smaLength |
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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