DIDI Index
The DIDI (Directional Movement Index Divergence) Index could be developed using Amibroker AFL and data. This index might focus on identifying divergences in the Directional Movement Index (DMI), helping traders spot potential shifts in trend direction.
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_SECTION_BEGIN("Background");
SetChartBkGradientFill(ParamColor("Top", colorTeal), ParamColor("Bottom", colorLightGrey), ParamColor("Title", colorTeal));
SetChartBkColor(ParamColor("Chart Background", colorWhite));
_SECTION_END();
_SECTION_BEGIN("Didi Index Indicator");
function DidiIndex( Curta, Media, Longa )
{
global DidiLonga, DidiCurta;
DidiLonga = MA( Close, Longa ) - MA( Close, Media );
DidiCurta = MA( Close, Curta ) - MA( Close, Media );
return IIf(DidiCurta > 0 AND DidiLonga < 0, 1,IIf(DidiCurta<0 AND DidiLonga>0, -1,0));
}
MAFast = Optimize("Curta",Param("MA Curta",3,1,5 ),1,5,1);
MAMid = Optimize("Media",Param("MA Media",8,6,12),6,12,1);
MASlow = Optimize("Longa",Param("MA Longa",20,15,34),15,34,1);
Trend = DidiIndex(MAFast, MAMid, MASlow);
Buy = Cross(Trend,0) AND ADX()>MDI();
Sell = Cross(0,Trend);
Buy = ExRem(Buy,Sell); Sell = ExRem(Sell,Buy);
TrendColor = IIf(DidiCurta>0,colorLime,colorRed);
Plot( DidiCurta, _DEFAULT_NAME(), TrendColor, ParamStyle("Histogram style", styleThick | styleHistogram | styleNoLabel, maskHistogram ));
Plot(0,"", colorBrown ,styleLine);
Plot(DidiLonga,"",IIf(DidiLonga<0,colorGreen,colorRed),styleLine | styleThick);
Plot(DidiCurta,"",IIf(DidiCurta>0,colorGreen,colorRed),styleLine | styleThick);
//Normal Buy and Sell Signal
PlotShapes(Buy*shapeUpTriangle,colorBlue,0,-0.5);
PlotShapes(Sell*shapeDownTriangle,colorPink,0,0.5);
// The Best Signal: Didi Needleful
PlotShapes((Cross(DidiCurta,0) AND Cross(0,DidiLonga)) * shapeHollowCircle, colorYellow,0,0.25);
_SECTION_END();