Directional Movement Oscillator
The Directional Movement Oscillator (DMO) is an adaption to the Directional Movement Index (DMI).
The difference is that DMO is one line, whereas DMI has 3 lines: +DI,-DI, and ADX.
The DMO line calculation: DMO = (+DI) - (-DI)
I excluded the ADX in DMO because its completely useless.
Try this indicator out, good luck ;)
-racer8
The difference is that DMO is one line, whereas DMI has 3 lines: +DI,-DI, and ADX.
The DMO line calculation: DMO = (+DI) - (-DI)
I excluded the ADX in DMO because its completely useless.
Try this indicator out, good luck ;)
-racer8
Notas de prensa:
This DMO has a zero line
Notas de prensa:
rma-based instead of sma based now.
Notas de prensa:
Minor Changes
Notas de prensa:
Changed name of "length" and updated pic
Notas de prensa:
New update guys: updated the oscillator by adding a second line, the ma line (Red).
How to interpret signals:
yellow above red = uptrend
yellow below red = downtrend
How to interpret signals:
yellow above red = uptrend
yellow below red = downtrend
Notas de prensa:
a
Notas de prensa:
>>>
DMO now has 2 colors!
DMO now has 2 colors!