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Directional Movement Index (DMI)

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Description

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.

 

... Courtesy of Investopedia

 

 

Syntax

DMI(int period)
DMI(IDataSeries input, int period)

 

Returns default value
DMI(int period)[int barsAgo]
DMI(IDataSeries input, int period)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

input

Indicator source data (?)

period

Number of bars used in the calculation

 

 

Examples

// Prints the current value of a 20 period DMI using default price type
double value = DMI(20)[0];
Print("The current DMI value is " + value.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.