Technical analysis by Zach9468950 about Symbol ADA on 12/24/2021

// version =4 study("ADX and DI Improved", shorttitle="ADX and DI Improved", overlay=false) len = input(title="Length", type=input.integer, defval=14) th = input(title="threshold", type=input.integer, defval=20) TrueRange = max(max(high-low, abs(high-nz(close [1]))), abs(low-nz(close [1]))) DirectionalMovementPlus = high-nz(high [1]) > nz(low [1])-low ? max(high-nz(high [1]), 0): 0 DirectionalMovementMinus = nz(low [1])-low > high-nz(high [1]) ? max(nz(low [1])-low, 0): 0 float SmoothedTrueRange = na float SmoothedDirectionalMovementPlus = na float SmoothedDirectionalMovementMinus = na SmoothedTrueRange := nz(SmoothedTrueRange [1]) - (nz(SmoothedTrueRange [1])/len) + TrueRange SmoothedDirectionalMovementPlus := nz(SmoothedDirectionalMovementPlus [1]) - (nz(SmoothedDirectionalMovementPlus [1])/len) + DirectionalMovementPlus SmoothedDirectionalMovementMinus := nz(SmoothedDirectionalMovementMinus [1]) - (nz(SmoothedDirectionalMovementMinus [1])/len) + DirectionalMovementMinus DIPlus = SmoothedDirectionalMovementPlus / SmoothedTrueRange * 100 DIMinus = SmoothedDirectionalMovementMinus / SmoothedTrueRange * 100 DX = abs(DIPlus-DIMinus) / (DIPlus+DIMinus)*100 ADX = sma(DX, len) plot(DIPlus, color=color.green, title="DI+") plot(DIMinus, color=color.red, title="DI-") plot(ADX, color=color.black, title="ADX") hline(th, color=color.black, linestyle=hline.style_dashed) crossUpDiplusDiminus = crossover(DIPlus, DIMinus) crossDownDiplusDiminus = crossunder(DIPlus, DIMinus) bgcolor(color=crossUpDiplusDiminus ? color.green : na, title="Tenkan Sen cross over Kijun Sen", transp=90, offset=-1) bgcolor(color=crossDownDiplusDiminus ? color.red : na, title="Tenkan Sen cross under Kijun Sen", transp=90, offset=-1)