Created
October 8, 2016 14:47
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Pine Script
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| //tradingview.com pine script | |
| study("Average Directional Index with Threshold", shorttitle="ADX") | |
| adxlen = input(14, title="ADX Smoothing") | |
| dilen = input(14, title="DI Length") | |
| dirmov(len) => | |
| up = change(high) | |
| down = -change(low) | |
| truerange = rma(tr, len) | |
| plus = fixnan(100 * rma(up > down and up > 0 ? up : 0, len) / truerange) | |
| minus = fixnan(100 * rma(down > up and down > 0 ? down : 0, len) / truerange) | |
| [plus, minus] | |
| adx(dilen, adxlen) => | |
| [plus, minus] = dirmov(dilen) | |
| sum = plus + minus | |
| adx = 100 * rma(abs(plus - minus) / (sum == 0 ? 1 : sum), adxlen) | |
| sig = adx(dilen, adxlen) | |
| th1 = input(title="threshold", type=integer, defval=10) | |
| th2 = input(title="threshold", type=integer, defval=20) | |
| th3 = input(title="threshold", type=integer, defval=40) | |
| plot(sig, color=green, title="ADX", style=histogram) | |
| hline(th1, color=silver, linestyle=dashed) | |
| hline(th2, color=silver, linestyle=dashed) | |
| hline(th3, color=silver, linestyle=dashed) |
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Hi
Can we create a histogram with above script. If yes can we make algo trade with that script