FXCM Forex Trading

Bipolar DMI (DMX)

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.

Moderator: admin

Bipolar DMI (DMX)

Postby Apprentice » Wed Dec 19, 2012 6:18 pm

DMX.png

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.

DMX.lua
(3.8 KiB) Downloaded 233 times
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 8635
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Return to Custom Indicators

Who is online

Users browsing this forum: No registered users and 5 guests