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KR_DMI_v4 for ToS 5 *
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


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July 20th, 2012
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Keywords: adx dmi redk thinkorswim tos
 


 
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