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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TRINDY who wrote (1893)	12/15/1998 2:28:00 PM
From: James Strauss	Respond to of 99985

DMI... Trindy: This is from the site: The calculation of the DMI is fairly complex, and consists of three lines: +DI: current positive directional index, the range of highs divided by the price range over the last day and previous close, smoothed over a given number of periods. -DI: current negative directional index, the range of lows divided by the price range over the last day and previous close, smoothed over a given number of periods. ADX: modified moving average of the difference of +DI and -DI divided by the sum of +DI and -DI, multiplied by 100. ****************************** You can plug in any time periods... This is basically a comparison of High and Low price points over a given period of time... Sort of like having an up moving average and down moving average with a moving average to smooth the two averages... Confusing, isn't it... : > Jim