Directional Movement Oscillator by KIVANÇ fr3762

6 May 2018

Directional Movement Oscillator is simply the difference of Di+ and Di- which helps traders to see the crosses of BUY/SELL signals more effectively.

Di+ crosses above Di- when indicator crosses above 0 which can be considered as a BUY signal.

and conversely Di+ crosses below Di- when indicator crosses below 0 which can be considered as a SELL signal.

Additionally I put a second (OPTIONAL) line (Signal line) which is a 8 bar SMA ( Simple Moving Average ) of DMOSC to confirm signals for further assistance.

Users can add the second optional line (Signal Line) by checking the box : Show SMA line? on the INPUTS section of the indicator SETTINGS menu.