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 818 times
The indicator was revised and updated
