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Multiple Time Frame DMI Indicator for ThinkorSwim

hinkognito

New member
Hello All,

Could anyone help with generating a MTF DMI Oscillator lower study.

Many Thanks!
 
Last edited by a moderator:
Here ya go:

Code:
declare lower;

input length = 14;
input averageType = AverageType.WILDERS;
input Time2 = AggregationPeriod.FIFTEEN_MIN;
input Time3 = AggregationPeriod.FIVE_MIN;

def hiDiff1 = high - high[1];
def loDiff1 = low[1] - low;

def plusDM1 = if hiDiff1 > loDiff1 and hiDiff1 > 0 then hiDiff1 else 0;
def minusDM1 =  if loDiff1 > hiDiff1 and loDiff1 > 0 then loDiff1 else 0;

def hiDiff2 = high(period = Time2) - high(period=time2)[1];
def loDiff2 = low(period=time2)[1] - low(period=time2);

def plusDM2 = if hiDiff2 > loDiff2 and hiDiff2 > 0 then hiDiff2 else 0;
def minusDM2 =  if loDiff2 > hiDiff2 and loDiff2 > 0 then loDiff2 else 0;

def hiDiff3 = high(period=time3) - high(period=time3)[1];
def loDiff3 = low(period=time3)[1] - low(period=time3);

def plusDM2 = if hiDiff3 > loDiff3 and hiDiff3 > 0 then hiDiff3 else 0;
def minusDM2 =  if loDiff3 > hiDiff3 and loDiff3 > 0 then loDiff3 else 0;

plot osc1 = plusdm1-minusdm1;
plot osc2 = plusdm2-minusdm2;
plot osc3 = plusdm3-minusdm3;
 
Last edited by a moderator:

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hinkognito can you post the final version when you are finished? I am very interested!
Here's one I cooked up a while back
Code:
##################
# MTF DMI ADX
# by PELONSAX
##################

declare lower;

input Agg = AggregationPeriod.THREE_MIN;
input length = 14;
input ADXLength = 14;
input averageType = AverageType.WILDERS;

def hiDiff = high(period = Agg) - high(period = Agg)[1];
def loDiff = low(period = Agg)[1] - low(period = Agg);

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(period = Agg), close(period = Agg), low(period = Agg)), 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, ADXlength);
plot level25 = 25;

input ShowDI_Plus = yes;
"DI+".SetDefaultColor(Color.GREEN);
"DI+".SetLineWeight(1);
"DI+".SetHiding(!ShowDI_Plus);

input ShowDI_Minus = yes;
"DI-".SetDefaultColor(Color.RED);
"DI-".SetLineWeight(1);
"DI-".SetHiding(!ShowDI_Minus);

input Show_ADX = yes;
ADX.SetDefaultColor(Color.CYAN);
ADX.SetLineWeight(1);
ADX.SetHiding(!Show_ADX);
 
Z37DqX.jpg


Hello guys, I created a DMI MTF indicator that somehow works well on a 5 minute chart. It doesn't repaint, the only thing you need to do is to put the chart to plot 90 days of data. Feel free to check out and add your creativity haha.

Code:
## created by hectorgasm


input ap = AggregationPeriod.DAY;
DEF mthopen = close-close(period = ap)[1];


input length = 50;
input averageType = AverageType.WILDERS;

def hiDiff = highest(MTHopen) - highest(MTHopen)[1];
def loDiff = lowest(MTHopen)[1] - lowest(MTHopen);

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(highest(MTHopen), MThopen, lowest(MTHopen)), 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);


plot level = 1;

"DI+".SetDefaultColor(GetColor(1));
"DI-".SetDefaultColor(GetColor(8));
ADX.SetDefaultColor(GetColor(5));
 
Here's one I cooked up a while back
Code:
##################
# MTF DMI ADX
# by PELONSAX
##################

declare lower;

input Agg = AggregationPeriod.THREE_MIN;
input length = 14;
input ADXLength = 14;
input averageType = AverageType.WILDERS;

def hiDiff = high(period = Agg) - high(period = Agg)[1];
def loDiff = low(period = Agg)[1] - low(period = Agg);

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(period = Agg), close(period = Agg), low(period = Agg)), 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, ADXlength);
plot level25 = 25;

input ShowDI_Plus = yes;
"DI+".SetDefaultColor(Color.GREEN);
"DI+".SetLineWeight(1);
"DI+".SetHiding(!ShowDI_Plus);

input ShowDI_Minus = yes;
"DI-".SetDefaultColor(Color.RED);
"DI-".SetLineWeight(1);
"DI-".SetHiding(!ShowDI_Minus);

input Show_ADX = yes;
ADX.SetDefaultColor(Color.CYAN);
ADX.SetLineWeight(1);
ADX.SetHiding(!Show_ADX);
Thanks Pelonsax! I'm using your MTF ADX with good success.
 
Can you make a multi-frame DMI indicator that uses points instead of lines?

DMI with 2nd aggregation data
can choose to use data from a 2nd aggregation or the chart time
plots points instead of lines

Code:
# dmi_mtf_0a

# DMI
# TD Ameritrade IP Company, Inc. (c) 2008-2022

declare lower;

input prices = { default second_agg, chart };
input agg = AggregationPeriod.HOUR;

def mopen;
def mhigh;
def mlow;
def mclose;
switch (prices) {
case second_agg:
 mopen = open(period = agg);
 mhigh = high(period = agg);
 mlow = low(period = agg);
 mclose = close(period = agg);
case chart:
 mopen = open;
 mhigh = high;
 mlow = low;
 mclose = close;
}


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

#def hiDiff = high - high[1];
#def loDiff = low[1] - low;
def hiDiff = mhigh - mhigh[1];
def loDiff = mlow[1] - mlow;


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);
def ATR = MovingAverage(averageType, TrueRange(mhigh, mclose, mlow), 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(color.green);
"DI-".SetDefaultColor(color.red);
ADX.SetDefaultColor(color.cyan);

# points
"di+".SetPaintingStrategy(PaintingStrategy.POINTS);
"di-".SetPaintingStrategy(PaintingStrategy.POINTS);
adx.SetPaintingStrategy(PaintingStrategy.POINTS);
"di+".setlineweight(1);
"di-".setlineweight(1);
adx.setlineweight(1);
"di+".hidebubble();
"di-".hidebubble();
adx.hidebubble();
#
 

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