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)
where:
- P – (+DI) ADX indicator line;
- M – (-DI) ADX indicator line.
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