ADX -DI +DI with multiple ADX displays + Histogram & DMI with 3x display modesnaluvs01 wrote: Thu Jun 20, 2024 6:14 pm Here is my thinking:. Lets say you're trading gold or any asset. And for example, we use some EMA's to confirm our direction. For this example, I'm on the 1 hour TF and I have 3 EMA's (24, 48, 120). Since I know my direction, I just want confirmation of a signal. In this case, I will use the Heiken Ashi for my alert signals for entry to keep it simple. Once I get an alert, I want to look at the DMI indicator for a confirmed entry.
If selling, you want to make sure the DMi- is above the MA and DMI+ is below. And vice-versa for a buying setup. It should keep you away from false signals. But anyway, that's my thought process. And thank you again, Kvak!!!!!
PS. If alerts could be added when the DMIs cross the MA...OMG, I may shed a tear!!!
Here is updated version with arrows and alerts and 3 state for displaying.
Default is your requested setup ( if I understand it right ).
Test it...