This is a combination DMI & oscillator. It is smoother and easier to read than RSI .
It allows for a much easier reading of divergences while keeping lag ot a minimum.

Green for bullish divergence
Red for bearish

(lines added manually!)

At the bottom you can see how it looks with dominance mode applied. This "show dominance" option is used to illustrate the false readings you can have with a DI- or DI+ line in regular DMI by colouring both lines with red if price went down and green if it went up.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact GeekWithAKnife for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

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