DMI (Directional Movement Index) Format, Label, Watchlist, Scan for ThinkorSwim

Seems to work alright. One thing I noticed is that if both plusDM and minusDM are both 0 then it colors the label red. Not sure if you want that.

To troubleshoot I used. Could have been in one line, I just did it with two.
Code: 
AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );


Altered your label a bit to turn cyan if both are 0 but you can choose whatever color you like.
Code: 
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.cyan));


Is that what you were asking about?

Cheers,
Rick

edited
 
Last edited by a moderator:
RickAns said:
Seems to work alright. One thing I noticed is that if both plusDM and minusDM are both 0 then it colors the label red. Not sure if you want that.

To troubleshoot I used. Could have been in one line, I just did it with two.
Code: 
AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );


Altered your label a bit to turn cyan if both are 0 but you can choose whatever color you like.
Code: 
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.cyan));


Is that what you were asking about?

Cheers,
Rick
Click to expand...
Thank you so much!! I use dmi with other indicator , I wanted to see where the dmi number is at . Sometimes it shows the correct number but sometimes it don't .
 
RickAns said:
Seems to work alright. One thing I noticed is that if both plusDM and minusDM are both 0 then it colors the label red. Not sure if you want that.

To troubleshoot I used. Could have been in one line, I just did it with two.
Code: 
AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );


Altered your label a bit to turn cyan if both are 0 but you can choose whatever color you like.
Code: 
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.cyan));


Is that what you were asking about?

Cheers,
Rick

edited
Click to expand...
Hi Rick, I am looking for DMI labels, it seems that you have helped edit the script here. Could you direct me to the message with the corrected script? Thank you.
 
@Jonas99 use this for the way RickAns modded label script

#
# TD Ameritrade IP Company, Inc. (c) 2008-2021
#
declare lower;
input length = 30;
input averageType = AverageType.WILDERS;

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;

plot ADX = MovingAverage(averageType, DX, length);
"DI+".SetDefaultColor(GetColor(6));
"DI-".SetDefaultColor(GetColor(5));
ADX.SetDefaultColor(GetColor(8));

AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.cyan));
 
Last edited:
This is what I use for DM labels. I have been a disciple of Wilder for 30 years. Please feel free to modify as you wish.

Code: 
##### Begin Code #####

# SD_DMILabel
# Scott Da####
# Version: 01
# Original: November 17, 2020
# Last Mod: November 17, 2020

declare upper;

input Length = 14;
input DMPDiff = 20;
input DMMDiff = -20;
input DMRev = 30;
input NoiseLimit = 5;
input CrossVal = 2;
input DM_Tradeable = yes;


def DMPlabel = reference DIPlus(Length);
def DMMlabel = reference DIMinus(Length);
def DMDiffCalc = DMPlabel - DMMlabel;

AddLabel(DM_Tradeable, if AbsValue(DMDiffCalc) < NoiseLimit then "    DM NOISY   " + round(DMDiffCalc,0) + "   " else "    DM TRADEABLE   " + round(DMDiffCalc,0) + "   ", if AbsValue(DMDiffCalc) < NoiseLimit then Color.MAGENTA else Color.CYAN);

AddLabel(yes, "           DM PLUS UP          ", if DMPlabel > DMPlabel[1] then Color.GREEN else Color.BLACK);

AddLabel(yes, "           DM MINUS UP           ", if DMMlabel > DMMlabel[1] then Color.RED else Color.BLACK);

#AddLabel(yes, " DM EXTREME  " + round(DMDiffCalc,0), if DMDiffCalc > DMPDiff then Color.GREEN else Color.BLACK);

AddLabel(yes, if AbsValue(DMDiffCalc) > DMRev then " DM CAUTION - REVERSAL " else "",  Color.YELLOW);

AddLabel(yes, if absValue(DMDiffCalc) < CrossVal then "                         WATCH FOR DM CROSS                         " else "", Color.YELLOW);

##### End Code #####
 
Jonas99 said:
Thanks, @s1111, and @RickAns I am looking for a label that displays DMI value on the upper chart only. Can you help?
Click to expand...

Here you are for the upper chart Labels

#
# TD Ameritrade IP Company, Inc. (c) 2008-2021
#
input length = 30;
input averageType = AverageType.WILDERS;

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
plot ADX = MovingAverage(averageType, DX, length);
"DI+".SetDefaultColor(GetColor(1));
"DI-".SetDefaultColor(GetColor(8));
ADX.SetDefaultColor(GetColor(5));

AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.Yellow));
 
Scott and s1111 beat me to it. Jonas, I was going to suggest to comment out the declare lower. As well as the addlabels for plus/minusDM if you did not want them. Also uncheck in settings (or comment out) the plots.

It is real easy to start experimenting with the code. That is how I got started. Wanting custom labels and whatnot. :)
 
s1111 said:
Here you are for the upper chart Labels

#
# TD Ameritrade IP Company, Inc. (c) 2008-2021
#
input length = 30;
input averageType = AverageType.WILDERS;

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
plot ADX = MovingAverage(averageType, DX, length);
"DI+".SetDefaultColor(GetColor(1));
"DI-".SetDefaultColor(GetColor(8));
ADX.SetDefaultColor(GetColor(5));

AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.Yellow));
Click to expand...
@s1111 not coming up, could you double check? thanks!
 
# TD Ameritrade IP Company, Inc. (c) 2008-2021
#
input length = 30;
input averageType = AverageType.WILDERS;

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM = if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
plot ADX = MovingAverage(averageType, DX, length);
"DI+".SetDefaultColor(GetColor(1));
"DI-".SetDefaultColor(GetColor(8));
ADX.SetDefaultColor(GetColor(5));

AddLabel(yes, "plusDM: " +plusDM+ "", color.gray );
AddLabel(yes, "minusDM: " +minusDM+ "", color.gray );
AddLabel(yes, "DMI("+length+"):" + Round(DX/ATR,1),(if plusDM > minusDM then Color.GREEN else if minusDM > plusDM then Color.RED else color.Yellow));
 
I use ADX and and DMI to select stocks. The gap between DMI+ and DMI- is important in my strategy. Currently I cut and paste from the watchlist to Excel. I'd rather create a custom study and perform that math in TOS.

Can somebody please point me in the right direction to get started?
 
Hi Guys,

I have this code on ADX DMI Indicator. Can someone help me to add label to show the below.

1) DMI+ crossover DMI - and vice versa.
2) Shows Strong trend if above 25
3) Maybe something to show me when DMIs are very closed to show neutral trend?

I am not a coder so any help is appreciated.

Code: 
# DI, ADX, and Trend Indicator (updated 12/18/13)

declare lower;



input DI_length = 5;

input ADX_length = 13;

input Strong_Trend = 25;



def DX = if (diplus(di_length) + diminus(di_length) > 0) then 100 * AbsValue(diplus(di_length) - diminus(di_length)) / (diplus(di_length) + diminus(di_length)) else 0;

plot ADX = WildersAverage(DX, adx_length);ADX.DefineColor("Stronger", Color.CYAN);

ADX.DefineColor("Weaker", Color.PINK);

ADX.AssignValueColor(if ADX > ADX[1] then ADX.Color("Stronger" ) else ADX.Color("Weaker" ));

ADX.SetPaintingStrategy(PaintingStrategy.LINE);

ADX.SetStyle(Curve.SHORT_DASH);



AddCloud(ADX, 0, ADX.Color("stronger" ));

def weaker = if ADX < ADX[1] then ADX else Double.NaN;

AddCloud(weaker, 0, ADX.Color("weaker" ));



plot "DI+" = DIPlus(DI_length);

"DI+".SetDefaultColor(Color.RED);

"DI+".SetLineWeight(2);



plot "DI-" = DIMinus(DI_length);

"DI-".SetDefaultColor(Color.GREEN);

"DI-".SetLineWeight(2);



plot StrongTrend = Strong_Trend;

StrongTrend.SetDefaultColor(Color.LIGHT_GRAY);
 
WannabeTrader said:
Hi Guys,

I have this code on ADX DMI Indicator. Can someone help me to add label to show the below.

1) DMI+ crossover DMI - and vice versa.
2) Shows Strong trend if above 25
3) Maybe something to show me when DMIs are very closed to show neutral trend?

I am not a coder so any help is appreciated.

Code: 
# DI, ADX, and Trend Indicator (updated 12/18/13)

declare lower;



input DI_length = 5;

input ADX_length = 13;

input Strong_Trend = 25;



def DX = if (diplus(di_length) + diminus(di_length) > 0) then 100 * AbsValue(diplus(di_length) - diminus(di_length)) / (diplus(di_length) + diminus(di_length)) else 0;

plot ADX = WildersAverage(DX, adx_length);ADX.DefineColor("Stronger", Color.CYAN);

ADX.DefineColor("Weaker", Color.PINK);

ADX.AssignValueColor(if ADX > ADX[1] then ADX.Color("Stronger" ) else ADX.Color("Weaker" ));

ADX.SetPaintingStrategy(PaintingStrategy.LINE);

ADX.SetStyle(Curve.SHORT_DASH);



AddCloud(ADX, 0, ADX.Color("stronger" ));

def weaker = if ADX < ADX[1] then ADX else Double.NaN;

AddCloud(weaker, 0, ADX.Color("weaker" ));



plot "DI+" = DIPlus(DI_length);

"DI+".SetDefaultColor(Color.RED);

"DI+".SetLineWeight(2);



plot "DI-" = DIMinus(DI_length);

"DI-".SetDefaultColor(Color.GREEN);

"DI-".SetLineWeight(2);



plot StrongTrend = Strong_Trend;

StrongTrend.SetDefaultColor(Color.LIGHT_GRAY);
Click to expand...
Did you try: https://usethinkscript.com/threads/...atchlist-scan-for-thinkorswim.193/#post-65825
 
Hi guys, I combined the DIPlus and DIminus indicators on TOS and works fine. I need help in creating the signal for the crossovers. Thank you in advance.

declare lower;

input length = 14;
input averageType = AverageType.WILDERS;

plot "DI+" = DMI(length, averageType)."DI+";
"DI+".SetDefaultColor(GetColor(1));

plot "DI-" = DMI(length, averageType)."DI-";
"DI-".SetDefaultColor(GetColor(8));
 
nktkobby said:
Hi guys, I combined the DIPlus and DIminus indicators on TOS and works fine. I need help in creating the signal for the crossovers. Thank you in advance.

declare lower;

input length = 14;
input averageType = AverageType.WILDERS;

plot "DI+" = DMI(length, averageType)."DI+";
"DI+".SetDefaultColor(GetColor(1));

plot "DI-" = DMI(length, averageType)."DI-";
"DI-".SetDefaultColor(GetColor(8));
Click to expand...
Best DMI script is this by @cabe1332 , try it out .

https://usethinkscript.com/threads/adx-dmi-indicator-for-thinkorswim.8055/
 
Hello Everyone,
I don't know how to code but I need your help: there's an existent TOS indicator calls DMI. I played around and came up with this average type: EXPONENTIAL AND length: 4 I would appreciate if anyone can add GREEN SIGNAL ARROW UP when DMX Dl+ Crosse Dl- and it Shows RED ARROW DOWN when Dl- cross Dl+
[Pls look at the image as i made simple and that's something i am looking forward to]
It would be nice to see signals on chart as well on lower indicator too. THANK YOU
agBtP80.png

yrZo5SP.png
 
Last edited by a moderator:
@Montana101x I did use ADX, turned off for plot to mimic your settings, to reduce some noise. have fun.

Ruby: 
declare lower;

input length = 4;
input averageType = AverageType.WILDERS;
input HideArrows = No;

def hiDiff = high - high[1];
def loDiff = low[1] - low;

def plusDM = if hiDiff > loDiff and hiDiff > 0 then hiDiff else 0;
def minusDM =  if loDiff > hiDiff and loDiff > 0 then loDiff else 0;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
plot "DI+" = 100 * MovingAverage(averageType, plusDM, length) / ATR;
plot "DI-" = 100 * MovingAverage(averageType, minusDM, length) / ATR;

def DX = if ("DI+" + "DI-" > 0) then 100 * AbsValue("DI+" - "DI-") / ("DI+" + "DI-") else 0;
def ADX = MovingAverage(averageType, DX, length);

"DI+".SetDefaultColor(Color.GREEN);
"DI-".SetDefaultColor(Color.RED);

plot ArrowUp = if ADX >= 25 and "DI+" crosses above "DI-" then "DI-" else Double.NaN;
plot ArrowDn = if ADX >= 25 and "DI-" crosses above "DI+" then "DI+" else Double.NaN;

ArrowUp.SetDefaultColor(Color.GREEN);
ArrowUp.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
ArrowUp.SetLineWeight(2);
ArrowUp.SetHiding(HideArrows);

ArrowDn.SetDefaultColor(Color.RED);
ArrowDn.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
ArrowDn.SetLineWeight(2);
ArrowDn.SetHiding(HideArrows);

Alert(ArrowUp, "ArrowUp", Alert.Bar, Sound.Chimes);
Alert(ArrowDn, "ArrowDn", Alert.Bar, Sound.Chimes);
 
Last edited by a moderator:
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