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Thread: DMI

  1. 02-03-2005, 09:35 PM #1
    evedder
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    Default DMI

    Can someone please explain dmi TA theory to me!
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  2. 03-03-2005, 09:14 AM #2
    Phaedrus
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    Default

    A Google search on "directional movement indicator welles wilder" gives 21,000 hits.......
    More information than you can shake a stick at.
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  3. 09-03-2005, 03:27 PM #3
    scamper
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    Default

    The best, shortest and clearest explanations of almost all indicators that i've found are on incrediblecharts.com.
    http://www.incrediblecharts.com/tech...l_movement.htm

    My crib sheet goes something like:
    Buy if ADX rises while ADX and DMI+ are above DMI-
    Buy when DMI+ rises above DMI-
    Buy when ADX rises above DMI-

    Sell / overheating / losing direction when:
    ADX declines -- losing direction
    ADX rises above both DMIs -- overheating
    Take profit when ADX turns downward while above both DMIs.

    I can really recommend incrediblecharts for good explanations. Cheers, Scamper.
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