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Directional Movement Index (DMI) - Zeus Indicator
Summary: Measure the strength and direction.
Directional Movement Index (DMI) on the Charts
According to Investopedia, the DMI is an indicator that can “measure the strength and direction of a price movement so traders may avoid
false signals. The DMI is two different standard indicators, one negative and one positive, that are plotted as lines on the same chart. A third line, the average directional index, or ADX, is non-directional but shows movement strength.” 
According to Investopedia, “The ADX is used to indicate market direction, the existence or nonexistence of a trend and market momentum. Market direction is determined by the levels of the +DI and -DI. If +DI is the higher number, market direction is up; if -DI is the greater number, market direction is down. The ADX indicator, which varies in value from zero to 100, is the primary momentum indicator. A value over 20 indicates the existence of a trend; a value over 40 indicates a strong trend.”
Standard parameters:
- Value for DI Length = 14
- Value for ADX Smoothing = 14
I made it easy to change the parameters needed for the calculation as per your needs. Locate and open the Javascript Code under Data Building Procedure -> Procedure Loop under “DMI Directional Movement” Product Definition.
Directional Movement Index (DMI) Products & Properties
There are three properties available:
| Product Name | Product Variable | Properties |
|---|---|---|
| DMI | DMI | plusDI, minusDI, adx |
Examples:
Basic strategies can be built by checking if
plusDI is greater than minusDI: chart.at04hs.DMI.adx < 20 There is no clear trend.
chart.at04hs.DMI.plusDI > chart.at04hs.DMI.minusDI Trend is up.
Zeus Data Mine — TOC
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2. Directional Movement Index (DMI) - Zeus Indicator
3. Donchian Channel - Zeus Indicator
4. Ichimoku Cloud - Zeus Indicator
5. Wave Trend - Zeus Indicator
6. Super Trend - Zeus Indicator
8. Aroon