pdi
Function Name: pdi
Tags: None
Category: Trend
The Directional Movement Plus indicator is calculated from a comparison of the highs on a series of consecutive bars versus the true range.
The Directional Movement Plus indicator measures the upward movement of a market. Many analysts believe an indication of a bullish market occurs when the Directional Movement Plus crosses over the Directional Movement Minus. This signals an opportunity to establish a long position. Conversely, an indication of a bearish market occurs when the Directional Movement Plus crosses below the Directional Movement Minus. This provides an opportunity to establish a short position and/or liquidate any existing long positions.
period |
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Default Value: 14 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |