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Views:: 4464
Rating:: (10)
Published:: 2018.07.13 15:19

DMX.mq5 (10.3 KB) view

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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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21161

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DMX - indicator for MetaTrader 5