MO DMI
MO DMI is our indicator for Directional Movement Index . When DMI+ is above DMI- , the price has more upward pressure than downward pressure. Conversely, if DMI- is above DMI+, the price has more downward pressure. This helps traders assess the trend direction.
The directional movement index (DMI) measures both the strength and direction of a price movement and is used to reduce false signals.
The DMI employs two standard indicators, one negative (-DI) and one positive (+DI), with a third, the average directional index (ADX), which is nondirectional but shows momentum.
The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI, the price trend is strongly up. If -DI is way above +DI, then the price trend is strongly down.
ADX measures the strength of the trend, either up or down. If it's above 25, that indicates a strong trend. ADX below 15 means trend change or a range, consolidation (sideways period) starting.
MO DMI comes with a color coded fill area between Plus and Minus DMI's to help user identify faster the moves, as is a lagging indicator, need to be combined with a leading indicator for better results.
The indicator comes with 10 alerts :
Risk Disclaimer
All content and developments created by MisterMoTA are purely for informational and educational purposes only. Past performance does not guarantee future results.
The directional movement index (DMI) measures both the strength and direction of a price movement and is used to reduce false signals.
The DMI employs two standard indicators, one negative (-DI) and one positive (+DI), with a third, the average directional index (ADX), which is nondirectional but shows momentum.
The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI, the price trend is strongly up. If -DI is way above +DI, then the price trend is strongly down.
ADX measures the strength of the trend, either up or down. If it's above 25, that indicates a strong trend. ADX below 15 means trend change or a range, consolidation (sideways period) starting.
MO DMI comes with a color coded fill area between Plus and Minus DMI's to help user identify faster the moves, as is a lagging indicator, need to be combined with a leading indicator for better results.
The indicator comes with 10 alerts :
- Alert for Plus Cross Above Minus DMI
- Alert for Minus Cross Above Plus DMI
- Alert for AVG Increasing
- Alert for AVG Decreasing
- Alert for Consolidation
- Alert for ADX Crossing Above 25
- Alert for DMI+ Crossing Above 25
- Alert for DMI- Crossing Above 25
- Alert for DMI+ Crossing Below 15
- Alert for DMI- Crossing Below 15
Risk Disclaimer
All content and developments created by MisterMoTA are purely for informational and educational purposes only. Past performance does not guarantee future results.
Release Notes:
disabled shortname in the name of indicator
Release Notes:
- removed labels and now data are displayed in a table for better visualization, the size of the table can be changed by users from indicator dashboard