mdi

Function Name: mdi

Tags: None

Category: Trend

The Directional Movement Minus represents the difference between today's Low and yesterday's Low.

The Directional Movement Minus measures the downward movement of a market. This can be used as an indication of a bullish market, which occurs when the Directional Movement Minus crosses under the Directional Movement Plus. This signals an opportunity to establish a long position. Conversely, an indication of a bearish market occurs when the Directional Movement Minus crosses above the Directional Movement Plus. This provides an opportunity to establish a short position and/or liquidate any existing long positions.

 

Link:       http://www.investopedia.com/terms/d/dmi.asp

 

period
	Default Value: 14  |  Minimum: 2  |  Maximum: 9999
	Type: Numeric