DMI strategy(lirshah)

3 thg 12, 2018

The Directional Movement Index indicator, or DMI, is a trend trading indicator developed by Welles Wilder, which also invented one of the most popular overbought and oversold indicator " RSI indicator".
DMI is based on a scale from 0 to 100 that identifies the price direction and the strength of the trend.
The DMI indicator is composed of three lines:

ADX, which is non-directional, so it will quantify the strength of the trend regardless if it’s bullish or bearish.The ADX line is derived from the relationship of the DMI+ and DMI- lines
DMI+, which measures the strength of the upward price movement.
DMI-, which measures the strength of the downward price movement.

this strategy gives signals according to movements of these three lines and has the best result on xrpusd M15 chart.

9 thg 8, 2020

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