Craig_Claussen

SPX500USD - Directional Movement Index Analysis 30M Chart

Long
OANDA:SPX500USD   S&P 500 Index
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3
The DMI indicator is a free built-in indicator on tradingview.com. It is one of my favorite indicators to use because it shows both the bulls strength and the bears strength.
Slowing down the lookback period helps paint a cleaner picture of the chart.


One way I like to enter a market is to break apart the equity into 4ths or 8ths and buy every 1-4 hours. This averages in your entry price and allows you to take advantage of potential mini corrections during entry.
See chart for more explanation.


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