Indicator DMX (Bipolar DMI) is calculated using the standard indicator ADX. However, as compared to that, it displays data as an oscillator with a signal line, and has shorter delay.
It has four configurable parameters:
DMX Period – calculation period;
Signal period – signal line period;
Method – calculation method;
Applied price – price used for calculations.
Calculations:
DMX = (P-M) / (P+M)
Signal = MA(DMX, Signal period, Method)
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