At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.
The Trader's Toolbox posts are just another free resource from MarketClub.
"The Directional Movement Index, commonly called the DMI, is a powerful trend-following indicator. Many false signals generated by indicators such as the stochastics are filtered out by the DMI. Subsequently, this trading and analytical tool gives few signals, but, when generated, they tend to be very reliable.Many, who at first glance are strangers to the DMI, find they are familiar with the prime component of the index: The ADX or average directional movement index. This discussion will center on the main use of the ADX, the turning point concept.
The DMI consists of three components: The + DI, which represents upward directional movement; the - DI, indicating downward movement; and the ADX, which signifies the average directional movement within a market..."
Revisit the Trader's Toolbox Post: "Directional Movement Index" here.
2 thoughts on “Traders Toolbox: Directional Movement Index Revisited...”
Interested in leaders who know marketing, that is they can see over the horizion or around the corner and get their managers to implement their vision which results in products that can be sold with acceptable gross margins over a product life where the associated costs can be recovered and replacement products can be developed.
If you can't sell it--it aint no good
I don't know if you know, but IG Index have copied your platform colours and feel on there trading site (obviously, without your superior indicators!!)
I think thats quite flattering to say the least, for you guys at Marketclub!
Take a peek at their site
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