The , being a smoothed version of , and can be used similarly to the in the three rule system discussed on the section..
The is a measure of the spread between the Directional Indicators ( and ). When the is declining, it's not advised to use a trend following system. However, a rising signals that the dominant trend is likely to continue. A rising , with both the and DI+ above the D- indicates a strengthening market. The scan syntax needed to represent this condition would be...
> DIMINUS AND DIPLUS > DIMINUS AND > .1
A rising , with both the and DI- above DI+ indicates a strengthening . The scan syntax needed to represent this condition would be...
> DIPLUS AND DIMINUS > DIPLUS AND > .1
If the has been below both DI+ and DI- but has begun to rise a new market trend is emerging. The scan syntax needed to represent this condition would be...
< DIPLUS AND < DIMINUS AND > .1
IMPORTANT NOTICE: USERS CAN ADD DI+ and DI- indicators by checking the box in the settings of the indicator.
Developed by J.Welles Wilder
Author: KıvanÇ @fr3762 on twitter (tweets are only in TURKISH)
Here's the link to a complete list of all my indicators:
İndikatörü geliştiren: J.Welles Wilder
Yazar: KıvanÇ @fr3762 twitter
Şimdiye kadar paylaştığım indikatörlerin tam listesi için: https://tr.tradingview.com/u/KIVANCfr3762/#published-scripts
YOUTUBE kanalım: Türkçe İndikatör Anlatımları: https://youtube.com/c/KIVANCfr3762
ÖNEMLİ BİLGİ: KULLANICILAR , DI- ve DI+ indikatörlerini de ayarlar bölümündeki kutucukları işaretleyerek sayfaya ekleyebilirler.