This study will walk through several concepts in analyzing crude oil. The primary chart type will be a Renko chart with the block size (ticks) set to 25 (0.25 in TV) and with a timeframe set to 15 minutes. The significance of timeframe is that in TV, it will take this amount of time for the price to maintain a full block change (25 cents) in order for it to be...
The Directional Movement Index (DMI) is a technical indicator used in financial markets to analyze the strength and direction of price movements. It was developed by J. Welles Wilder and is a component of the larger Average Directional Index (ADX) system.
The DMI consists of two lines: the Positive Directional Indicator (+DI) and the Negative Directional...
