This custom study displays DMIUp, DMIDn, the difference of the DMIUp and DMIDn and the Average Directional Movement Index.
This study combines the Directional Movement Indicators into one study by using multiple curves. All the curves share the user-defined period, which allows modification from the chart.
Formula of curves:
DMIu: DMIu(@,Period)
DMId: DMId(@,Period)
ADX: ADX(@,Period)
DIFF: DIFF(@,Period)
Setup parameters:
•Display
•OB/OS
•Period: The period used for the calculations of directional movement indicators.