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DMI - ADX - RSI - Level

This document contains the code for a TradingView indicator script that plots the Directional Movement Index (DMI), Average Directional Index (ADX), and Relative Strength Index (RSI) on a single chart. The script defines functions to calculate the DMI, ADX and RSI values and plots the indicators along with their typical analysis levels.

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SANTOSH KAMBLE
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398 views

DMI - ADX - RSI - Level

This document contains the code for a TradingView indicator script that plots the Directional Movement Index (DMI), Average Directional Index (ADX), and Relative Strength Index (RSI) on a single chart. The script defines functions to calculate the DMI, ADX and RSI values and plots the indicators along with their typical analysis levels.

Uploaded by

SANTOSH KAMBLE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=4

// © kkg80

// DMI ADX RSI @kkg801


// KALPESH GALA
// Copyright by kkg80 9/2020
// DMI , ADX AND RSI IN ONE INDICATOR

study("DMI + ADX + RSI", shorttitle="DMI/ADX/RSI", format=format.price,


precision=2, resolution="")
src = close

//ADX + DMI

dilen = input(14, title="DI Length")


adxlen = input(14, title="ADX Smoothing")
keyLevel = input(25, title="key level for ADX")

dirmov(len) =>
up = change(high)
down = -change(low)
truerange = rma(tr, len)
plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / truerange)
minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / truerange)
[plus, minus]

adx(dilen, adxlen) =>


[plus, minus] = dirmov(dilen)
sum = plus + minus
adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen)
[adx, plus, minus]

[sig, up, down] = adx(dilen, adxlen)

plot(sig, color=color.red, title="ADX")


plot(up, color=color.green, title="+DI")
plot(down, color=color.blue, title="-DI")
plot(keyLevel, color=color.white, title="Key Level")

//RSI
len = input(14, minval=1, title="RSI")
up1 = rma(max(change(src), 0), len)
down1 = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up1 / down1))
plot(rsi,title="RSI", color=color.black)
band1 = hline(60, title="Upper RSI level")
band0 = hline(40, title="Lower RSI level")
fill(band1, band0, color=color.green, transp=90)

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