FXCM Forex Trading

Bipolar DMI (DMX)

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Bipolar DMI (DMX)

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


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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