Didi Index — Indicator by Sirdiamond21

didi indexes needle

Indicator developed by Brazilian and analyst Odir Aguiar (Didi), consists of "Moving Averages", known for the famous needles Didi, which allows the visualization of reversal points.

The concept is very simple, when you insert 3 Moving Averages on display, one of three periods, an 8 and the other 20, there appears the formation of the indicator which works on an axis or center line 0. The needles occur when the intersection of averages comes closest to the line 0.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

//Begin
study("Didi Index")
short = 3, mid = 8, long = 20
DidiLonga = sma(close, long) - sma(close, mid)
DidiCurta = sma(close, short) - sma(close, mid)

plot(DidiLonga, color=#ff0000)
plot(DidiCurta, color=#009900)
plot(0)
//End