Contender 2
Directional movement indicator for assessing price direction and strength. DMI tells you when to be long or short, differentiating between strong &weak trends. DMI works on all time frames and applicable to any asset.
DMI is a moving average of range expansion over an input period. The positive directional movement indicator ( +DMI ) measures how strongly price moves upward; the negative directional movement indicator ( -DMI ) measures how strongly price moves downward. The two lines reflect the respective strength of the bulls versus the bears. Which DMI lines is on top is the dominant DMI. The dominant DMI is stronger and more likely to predict the direction of price. For the buyers and sellers to change dominance, the lines must cross over.
Added feature is Bollinger Bands to moderate signals.
