by 
The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v4 · On the chart
MA+ADX+DMI
Plots a fast and a slow simple moving average on the price chart and shades the area between them.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code32
Settings5inputs
LicenceNone statedfile: MPL-2.0
Last update5 years ago15 Jul 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
32 lines of Pine Script v4 from (i)MA+ADX+DMI.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//@version=4
// author: codachang0726
study(title = "(i)MA+ADX+DMI", shorttitle = "(i)MA+ADX+DMI", overlay=true)
// === INPUT MA LENGTHS ===
fastMA = input(defval = 7, title = "FastMA", type = input.integer, minval = 1, step = 1)
slowMA = input(defval = 14, title = "SlowMA", type = input.integer, minval = 1, step = 1)
// === MA LOGIC ===
crossOv = crossover (sma(close, fastMA), sma(close, slowMA)) // true when fastMA crosses over slowMA
crossUn = crossunder(sma(close, fastMA), sma(close, slowMA)) // true when fastMA crosses under slowMA
// DI+ADX
adxlen = input(14, title="ADX Smoothing")
dilen = input(14, title="DI Period")
keyLevel = input(20, title="Keylevel for ADX")
[diplus, diminus, adx] = dmi(dilen, adxlen)
di = (diplus - diminus)
// === BUY/SELL Condition ===
buy = di > 0 and crossOv and adx > keyLevel
sell = di < 0 and crossUn and adx > keyLevel
// === PLOTTING === // plot "within window of time"
p1 = plot(sma(close, fastMA), title = 'FastMA', color = color.yellow, linewidth = 2, style = plot.style_line) // plot FastMA
p2 = plot(sma(close, slowMA), title = 'SlowMA', color = color.aqua, linewidth = 2, style = plot.style_line) // plot SlowMA
fill(p1, p2, color=color.silver, transp=50)
alertcondition(buy, title='Buy', message='CrossOver + DI + ADX')
alertcondition(sell, title='Sell', message='CrossUn + DI + ADX')
bgcolor(buy ? color.green : sell ? color.red : na,transp=50)
Overview
A buy highlight appears when the fast average crosses above the slow one while the positive directional index is above the negative and ADX is above a key level. Sell is the mirror case. Inputs set both average lengths, the ADX smoothing, the DI period and the ADX key level. Background colours mark the signal bars, and alert conditions exist for both directions. Written in Pine version 4.
- Fast and slow SMA with shaded gap
- DMI direction and ADX strength filter
- Background highlight on buy and sell bars
- Buy and sell alert conditions
Details
Published by
fifiteen82726 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, 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 |
|---|---|---|---|
| FastMA | int | 7 | fastMA |
| SlowMA | int | 14 | slowMA |
| ADX Smoothing | int | 14 | adxlen |
| DI Period | int | 14 | dilen |
| Keylevel for ADX | int | 20 | keyLevel |
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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