3 Lines On Top Of Each Other In Math Means MetaStock How To’s – Directional Movement

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MetaStock How To’s – Directional Movement

MetaStock has hundreds of indicators and functions, one of the most well-known is Directional Movement.

The DMI measures the strength of a prevailing trend and determines whether there is movement in the market. Accordingly, the directional movement system is best used for any of the following:

– As an independent trend monitoring system, or

– To determine if a value is trending or not; and if yes then use other trend following indicators and if not decide not to trade the stock or use other non trend following indicators.

There are actually 3 parts that make up directional movement indicators. These are the directional movement index (DX); the directional indicator Plus (+DI); and the minus directional indicator (-DI).

How is it calculated:

The math behind DMI can be overwhelming. That said, understanding these calculations, however, is not essential. Instead, note that it indicates quite a trend.

The directional movement system is shown on charts with three main indicators, namely the +DI, _DI and DX lines. The basic trading system is to first identify that a stock is trending, indicated by the upward moving DX line. The +DI and the _DI are then plotted on top of each other. When the +DI rises above the -DI, ​​it is a bullish sign; and a bearish signal occurs when the +DI (PDI(Periods)) falls below the -DI (MDI(Periods)).

MetaStock Syntax: ADX(Periods)

Periods _ This specifies how many periods are used to calculate the DMI average.

Here’s an example, the following formula gets the 14-period moving average value:

ADX(14)

In the above example:

Periods = 14

A more useful application of this example might be:

ADX(14) > 20 AND ADX(14) > Ref(ADX(14),-1)

This formula specifies that the value of the indicator must be greater than 20. There are many other ways to use this indicator, but this should start.

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