Tom de mark sequential monitor for nifty50 stocks

[XRAY27]

ADX 8 PERIOD WITH DMI 13 PERIOD -AFL

_SECTION_BEGIN("ADX-8-13");
ADX_Pds = Param("ADX Range", 8, 5, 100,1);
DI_Pds = Param("+DI/-DI Range", 13, 5, 100,1);
the_ADX = ADX(ADX_pds);
the_PDI = PDI(DI_Pds);
the_MDI = MDI(DI_Pds);
Plot(the_ADX, "ADX", colorBlue, styleThick);
Plot(the_PDI, "+DX", colorGreen);
Plot(the_MDI, "-DX", colorRed);
Plot(25,"",colorBlack,styleLine);
_SECTION_END();

 

[niftyoption]

@ XRAY Ji
code giving error ....

MY ADX : parameters change 8 & 13

_SECTION_BEGIN("ADX ");
ADX_Pds = Param("ADX Range", 10, 3, 300);
DI_Pds = Param("+DI/-DI Range", 14, 3, 300);

My_ADX = ADX(ADX_pds);
My_PDI = PDI(DI_Pds);
My_MDI = MDI(DI_Pds);

Plot(My_ADX, "ADX", colorYellow, styleThick);
Plot(My_PDI, "+DX", colorGreen);
Plot(My_MDI, "-DX", colorRed);
_SECTION_END();

_SECTION_BEGIN("RSI LINES AFL");
Plot(25,"",ParamColor( "25", colorBlue ),styleThick);
_SECTION_END();

 

[niftyoption]

 

[niftyoption]

 

[manojborle]

 

[manojborle]

 

[manojborle]

 

[vivektrader]

View attachment 23082

Manoj bhai, I suppose it would only be obvious whether its distribution or accumulation once both price and ADX break out?

 

[manojborle]

Manoj bhai, I suppose it would only be obvious whether its distribution or accumulation once both price and ADX break out?

DMI gives indication which side its going to break out in general. In above chart you can see -DMI was always above +DMI from 2016 owards, note 2 times +DMI had tried to cross -DMI and failed

 

[vivektrader]

DMI gives indication which side its going to break out in general. In above chart you can see -DMI was always above +DMI from 2016 owards, note 2 times +DMI had tried to cross -DMI and failed

Also there are bound to be many false starts, like from May 2014 to Jan 2015 ADX was below 25 then there is a false breakout in ADX and Price, even +DMI was over -DMI.