NT version of the DM indicator.
Essentially, the DM is a set of three separate indicators, combined into one. It consists of the indicators: ADX, +DI and -DI. The purpose of the ADX indicator is to determine the presence of a trend, completely ignoring the trend direction. Two other indicators (+DI and -DI) complement the ADX. They are used to determine the direction of the trend. Combining all three indicators, a technical analyst has the ability to determine the strength and direction of the...
NT version of the DMI indicator.
This is one of the fundamental market indicators; it displays the direction and strength of the trend.
The DMI is somewhat similar to the RSI indicator by Welles Wilder. But, unlike the RSI that uses a fixed period, the DMI uses a variable period.
The indicator varies in the range of [-1; +1]. When the indicator value approaches its lower boundary, a downtrend is formed; when the indicator value approaches its upper boundary, an uptrend is formed.