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KR_DMI_V4b for ToS

a small visual enhancement from KR_DMI_V4:

since we practically care about the Net DI (difference between DI+ and DI-), which shows what price pressure is prevailing (buying vs selling) and causing the move, i removed the original lines, and replaced with a zero-base cloud that represents that Net Difference.
removed smoothing in calc from DI lines and Net difference. allowing it to act as a "relatively" leading indy for price move.
it's now easier to spot divergence between that net DI difference "cloud", and Price Action or ADX movement, suggesting current trend move maybe about to end or ease down. see attached screenshot.
ADX line is still the same.
Default "trend" level changed to 25.

thanks, RedK

Category The Elite Circle

Details: KR_DMI_V4b for ToS
Category: The Elite Circle

July 21st, 2012
Size: 2.22 KB

Keywords: adx dmi redk thinkorswim tos

Comments/ratings

brevco July 24th, 2012 07:51 PM

No Comment

VegasFlyer July 29th, 2012 01:42 PM

Changing DMI this week with similar idea, no need now Thx!

Pandu04 August 5th, 2016 05:58 PM

Thank You