DMI Difference Indicator

DMI Difference Indicator

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The Best Collection of Free MT4 and MT5 Indicators for People Who 💗 Trading and Markets
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 1 reviews
 by Expert

The difference between +DMI and -DMI is used here. The ADX itself does not matter here. Only the reverse divergences are traded, e.g. in the bullish case, when prices rise again after bottoming out, while the difference between the two DMIs made a new low and only then rise again, while prices did not make a deeper low. In the bearish case, prices ended the upward movement in the downtrend, while not making a new high, while the indicator made a higher high than its high before.