GreenfieldAnalysis

Will the current trend continue or pullback!

NYSE:NIO   NIO INC
How to use the DMI indicator to determine if the current trend will continue or pullback!

The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index ( ADX ) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction.

Thank you for reading!

Greenfield








Remember to click "Like" and "Follow!"

Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.

Comments

someone texted me and asked me for my set up (setting), so i decided to post it here. i just use the default setting.
Reply
thank you, only learning about this today from you. This will help me a lot in day trading! Please post more, Cheers.
Reply
@rufertss, you're welcome! have fun!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out