This is a special ADX and DI which includes the following additional functions:
cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend
cr2- shows a constant background highlight of a trend.
ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black area instead.
cr3 and cr4 are experimental- would not reccommend using yet (they were part of a test I did)
For a detailed video on how I use this indicator please go here
https://youtu.be/Mwc_poTs-fA
The article version was published here originally
http://bitcointradingtoday.com/2019/04/26/trading-view-tutorial-using-adx-di-identify-peaks-reversals/
cr1- allows you to set alerts based on if DI+ and DI- crossover each other leading to a new trend
cr2- shows a constant background highlight of a trend.
ADX threshold- you can set a threshold value so that any readings below that are ignored and the indicator paints a blank black area instead.
cr3 and cr4 are experimental- would not reccommend using yet (they were part of a test I did)
For a detailed video on how I use this indicator please go here
https://youtu.be/Mwc_poTs-fA
The article version was published here originally
http://bitcointradingtoday.com/2019/04/26/trading-view-tutorial-using-adx-di-identify-peaks-reversals/