The primary function of this indicator is to identify situations where the market is expected to continue trading in its present direction.
When the fastest line crosses, the medium line looks for an entry point. As long as the lines are running parallel, the market is expected to continue trading in its present direction. When they become further apart, the market is moving faster in its present direction.
The atmDSI study is composed of three lines indicating different speeds:
•fast (DSI1) = green
•medium (DSI2) = blue
•slow (DSI3) = red
Line color and thickness can be changed in parameters.
Direction Speed Indicator parameters
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Parameter |
Description |
|
Display |
Opens sub-window to set parameters: •Color = Line color. •Weight = Line thickness. |