Directional Movement Index Trend

This DMI I modified to see the trend more clearly, and the ADX line changes according to the trend force, which is perfectly configurable, the configuration I left my default configuration, in case you want to modify it because you see the trend in different values, feel free, and basically the columns are the average of DI and also indicate the trend more clearly.

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Esse DMI eu modifiquei para ver a tendência com maior clareza, e a linha do ADX ela muda de acordo com a força de tendência, a qual é perfeitamente configurável, a configuração eu deixei a minha configuração padrão, caso você queira modificar porque você vê a tendência em valores diferentes, sinta-se livre, e basicamente as colunas são a média de DI e indicam também com mais clareza a tendência.

Release Notes

due to a mathematical error that I had not noticed, the DIA formula was completely wrong, it was dividing DI- by 2 instead of the entire equation, which could lead to an error analysis, sorry for that.

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devido a um erro matemático que eu não tinha notado, a formula do DIA estava completamente errada, ela estava dividindo DI- por 2 ao invés da equação inteira, podendo levar uma análise ao erro, desculpa por isso

Special thanks to RedKTrader

Release Notes

Code Update

removed two variables that were used only once, and their values assigned directly in the plot() function

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Atualização de Código

foi retirado duas variáveis que eram utilizadas apenas uma única vez, e seus valores atribuidos diretamente na função plot()

Release Notes

Code update to version 5
Added category separation for easier understanding when configuring settings
Code refactored to be easier to understand

Release Notes

- minor changes on code

Release Notes

The variables were renamed to match with the tradingview style guide recommendations.
Minor changes to match with the tradingview style guide recommendations.
ADX levels become float instead of integer
Input and color variables is now typed
It is now possible to paint the DI trend levels, special thanks to MonkeyNo1 for the idea

Release Notes

special thanks to RedKTrader and MonkeyNo1 added in the third line of code

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Marqx

Disclaimer

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Open-source script

Marqx