Directional Index Custom

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04/19/2025 at 12:25 AM #246083 quote

jbeagle2
Participant

New

Hi All,

I’ve been trying to create a screen with a custom indicator but am running into the difficulty of finding some functions that allow me to integrate the high of an indicator on an intraday chart (5 min).

The formula would go something like:

(DIplus – DIminus) crosses over the intraday high (5 min) of (DIplus – DI minus)

I’ve seen functions that code for the high of price but I can’t seem to find any thing to integrate the high of an indicator.

04/19/2025 at 12:19 PM #246095 quote

JS
Participant

Senior

Hi,

You can use “High” or “Highest” not only for price, but also for an indicator. For example:

xDIplus = DIplus[14](Close)

If you want to determine the “Highest” value of this indicator, you can use:

HighestDIplus = Highest[period](xDIplus)

So, you replace the price (Close) with “xDIplus”.

For the “period”, you can set a custom value.

For instance, on a 5-minute chart, you could use a period of 288 (since 288 x 5 minutes = 1 trading day).

Your formula would then look like this:

xDIplus = DIplus[14](Close)

xDIminus = DIminus[14](Close)

DIdiff = abs(xDIplus – xDIminus)

HighestDIdiff = Highest[288](DIdiff)

CrossOver = DIdiff crosses over HighestDIdiff[1]

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Directional Index Custom

ProScreener: Market Scanners & Detection

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jbeagle2 @jbeagle2 Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by JS
10 months, 2 weeks ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	04/19/2025
Status:	Active
Attachments:	No files

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