DIO()

Definition Directional Movement Index. Developed by J. Welles Wilder, the DMI helps identify definable market trends.

Syntax images/aspen00000235.gif

Formula

Where:

+DI = current positive directional index.

-DI = current negative directional index.

+DMn = current modified moving average of +DM

+DM = current positive directional movement value.

Ht = current high.

Ht-1 = previous high.

Trn = current modified moving average of the true range.

TR = true range.

Th = greater of today’s high and the previous low.

Tl = lessor of today’s low or the previous price.

Parameters SERIES
Required if the formula name declares the SERIES parameter.

INPUT
Required if the formula name declares the INPUT parameter.

PERIOD
Required if the formula name declares the PERIOD parameter.

Examples DIO_EX1(SERIES,PERIOD)=DIO(SERIES,PERIOD)

DIO_EX2(INPUT,PERIOD)=DIO(INPUT,PERIOD)