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TheLark
Aug 2, 2014 10:09 PM

TheLark: Directional Movement Index Oscillator 

Apple Inc.NASDAQ

Description

A modified DMI, This turns the standard DMI into an Oscillator. The DMI cross signal is the same, but as an OSC you get the added benefits or finding divergences, etc. The added WIlder's Average Line (blue) can help you see if a short term trend is getting less interesting.
Comments
jstnhllmn
@TheLark is the 20-level on the traditional ADX = +/- 10 here? Digging this. Faster MACD histo.
blackcat1402
greak indicator! i already get used to traditiional DMI indicator:D
aes0n
this is so much easier to "read" compared to the default DMI, thanks a lot!!!
nouveaufox
Thank you so much for this!
Mlnklkm
very nice one bro, can u make histogram of yours like this one, would be awesome

tradingview.com/script/IpILZFwt-Directional-Movement-Index-4-colors-DMI-4c/
TheLark
@Mlnklkm05, Hi, thanks for your comment. I'll look into it as I have time. Currently I am fairly busy but I strongly suggest you look into pine script yourself and give it a try! It's very rewarding to learn, and not too difficult if you are not doing anything tricky (this should be straight forward) ;)

Don't hesitate to private message me if you have any questions about pine!
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