sharp vision traders

Note: This download requires NinjaTrader 8 release 8.1.3 or newer.

The DMI Oscillator indicator is the same as the Enhanced DMI indicator offered here. The only difference is that the DI+ and DI- are subtracted from each other and the resulting in a histogram plot. This will allow for easier spotting and interpretation especially if combined with the ADX and ADXR curves.

This indicator also utilizes the Average Directional Index (ADX) and Average Directional Index Rating (ADXR). When viewing the DI+ and DI- histogram, it could become helpful in understanding the trend directional. Other enhancements include curve smoothing and custom internal average calculations; the user is no longer bound to the standard Wilder average.

DMI Oscillator Features:

• Custom average type. The user can utilize many of the common averaging techniques.
• This could be considered two indicators into one. Directional Index curve with the additional ADX and ADXR curves.
• DI curve smoothing: This will remove choppy readings.
• Select which curves to display on the indicator panel.

Review the screenshots and video for setup options.

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