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KR_DMI_v4 for ToS
This is my own implementation of ADX/DMI indicator for ToS.. still keeps the original approach
ADX line is allowed to go negative when the trend is down
we use ExpAverage for calc of DI+/DI- and HullAvg for smoothing
some visibility enhancement adding color coding to ADX (up, down & Alert)
improve visibility of Net pressure of price movement (using Addcloud)
Usage is similar to the original ADX: a trend starts above/blow 20 or 30levels (adjustable)
A sell/buy is suggested when the DI lines cross *AND* the ADX line is Cyan or Red
feedback & comments appreciated...
RedK @ Live.com ..... July 2012
Category
The Elite Circle
Details:
KR_DMI_v4 for ToS
Category:
The Elite Circle
July 20th, 2012
Size: 2.11 KB
Keywords:
adx
dmi
redk
thinkorswim
tos
1227
RedK
Comments/ratings
RedK
July 21st, 2012 12:10 PM
No Comment
brevco
July 24th, 2012 07:48 PM
No Comment
Fourwedge
November 10th, 2012 01:47 PM
No Comment
JFTremaine
January 29th, 2014 03:28 PM
Thanks for these ToS Studies. They look good on my charts. Will give them some exercise tomorrow.
rlcoelho
November 9th, 2014 09:20 AM
No Comment
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