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.