OPEN-SOURCE SCRIPT

MTF DI-ADX-RSI View v0.2

MTF DI-ADX-RSI is a multi-timeframe indicator that displays the trend status across various timeframes, enabling a quick assessment of market trends.

This indicator utilizes the following technical metrics:
  • DI+/DI-: Determines the trend direction.
  • ADX: Measures the strength of the trend and indicates whether the trend is strengthening or weakening (background color coding).
  • RSI: Identifies overbought or oversold conditions and indicates whether the relative strength is increasing or decreasing (background color coding).


The indicator is currently in testing. Please feel free to share any suggestions or report errors in the comments.
Average Directional Index (ADX)Directional Movement Index (DMI)Relative Strength Index (RSI)

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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. Du kan ange den som favorit för att använda den i ett diagram.

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