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Directional Movement Index - DMI

0.06 sec.

An indicator developed by J. Welles Wilder for identifying when a definable trend is present in an instrument. That is, the DMI tells whether an instrument is trending or not.

Notes:

The scale for the DMI is from 0-100. The Average Directional Movement Index (ADX) is a moving average of the DMI.

See also: Technical Analysis

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