Directional Index Oscillator — Indicator by aydinkn

Directional Movement Index (DMI) Exponential Moving Average (EMA)

Directional Index Oscillator (DIOSC) is +DI and -DI diferrence oscillator.

You can use this indicator 2 different way.

1. Cross over and cross under with DIOSC and its MA.
2. Price and indicator divergences.

BUY Signal: If DIOSC is red (and relatively big at negative side) and cross over the MA line. Or DIOSC have a positive divergence with price lows.
SELL Signal: If DIOSC is green (and relatively big at positive side) and cross under the MA line. Or DIOSC have a negative divergence with price highs.

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