Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.
This indicator and ADX have a similar formula.
ADX = | DMI.up - DMI.down| / | DMI.up + DMI.down|
DMX=( DMI.up - DMI.down ) / ( DMI.up + DMI.down )
According to the author.
DMX is low lag substitute for classical DMI and ADX indicators.
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