OPEN-SOURCE SCRIPT
Aggiornato Directional Movement Oscillator
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
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
Note di rilascio
This DMO has a zero lineNote di rilascio
rma-based instead of sma based now.Note di rilascio
Minor ChangesNote di rilascio
Changed name of "length" and updated picNote di rilascio
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
Note di rilascio
aNote di rilascio
>>>DMO now has 2 colors!
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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