Directional Movement Index (DMI)
An indicator developed by J. Welles Wilder for identifying when a definable trend is present in an instrument. That is, the DMI tells whether an instrument is trending or not. Investopedia Says:
The scale for the DMI is from 0 to 100. The average directional movement index (ADX) is a moving average of the DMI. Related Terms:
Average Directional Index - ADX
Negative Directional Indicator - -DI
Positive Directional Indicator - +DI
Technical Analysis |