OPEN-SOURCE SCRIPT
Diupdate

Directional Movement Oscillator

1896
The Directional Movement Oscillator (DMO) is an adaption to the Directional Movement Index (DMI).
The difference is that DMO is one line, whereas DMI has 3 lines: +DI,-DI, and ADX.
The DMO line calculation: DMO = (+DI) - (-DI)
I excluded the ADX in DMO because its completely useless.
Try this indicator out, good luck ;)

-racer8
Catatan Rilis
This DMO has a zero line
Catatan Rilis
rma-based instead of sma based now.
Catatan Rilis
Minor Changes
Catatan Rilis
Changed name of "length" and updated pic
Catatan Rilis
New update guys: updated the oscillator by adding a second line, the ma line (Red).
How to interpret signals:
yellow above red = uptrend
yellow below red = downtrend
Catatan Rilis
a
Catatan Rilis
>>>
DMO now has 2 colors!

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.