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Start Smart TA Series 42: Deeper Analysis with the DMI – Directional Movement Index

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    Doc Doc
    Host of the CU Podcast. Bitcoin believer, a bit of gem connoisseur, not averse to a degen move. His two passions: Crypto and Liverpool FC. Believes Romário is the greatest finisher of all time.
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  • September 17, 2024
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Start Smart TA Series 42: Deeper Analysis with the DMI – Directional Movement Index
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In Smart Start TA Series 33: ADX – Measuring the Strength of a Trend, we explored the ADX as a tool to gauge the strength of a market trend. The Directional Movement Index (DMI) builds on this by not only showing the strength of the trend but also revealing its direction. The DMI consists of three components: the +DI (Positive Directional Indicator), -DI (Negative Directional Indicator), and the ADX. Together, these components help traders determine whether bulls or bears are in control of the market.

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Doc Doc
Host of the CU Podcast. Bitcoin believer, a bit of gem connoisseur, not averse to a degen move. His two passions: Crypto and Liverpool FC. Believes Romário is the greatest finisher of all time.
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Doc Doc
Host of the CU Podcast. Bitcoin believer, a bit of gem connoisseur, not averse to a degen move. His two passions: Crypto and Liverpool FC. Believes Romário is the greatest finisher of all time.
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