How to use the DMI indicator to determine if the current trend will continue or pullback!
The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction.
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Greenfield
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Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.
The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.
