diff --git a/Projects/Superalgos/PNGs/Docs/indicators/dmi-on-the-chart.png b/Projects/Superalgos/PNGs/Docs/indicators/dmi-on-the-chart.png new file mode 100644 index 000000000..fcf21dd50 Binary files /dev/null and b/Projects/Superalgos/PNGs/Docs/indicators/dmi-on-the-chart.png differ diff --git a/Projects/Superalgos/PNGs/Docs/indicators/dmi-setting-parameters.png b/Projects/Superalgos/PNGs/Docs/indicators/dmi-setting-parameters.png new file mode 100644 index 000000000..a53f5dfb2 Binary files /dev/null and b/Projects/Superalgos/PNGs/Docs/indicators/dmi-setting-parameters.png differ diff --git a/Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-001-directional-movement-index-dmi.json b/Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-001-directional-movement-index-dmi.json new file mode 100644 index 000000000..3ab374c6e --- /dev/null +++ b/Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-001-directional-movement-index-dmi.json @@ -0,0 +1,89 @@ +{ + "topic": "Zeus Data Mine", + "pageNumber": "1", + "type": "Directional Movement Index (DMI)", + "definition": { + "text": "Measure the strength and direction.", + "updated": 1611673209800 + }, + "paragraphs": [ + { + "style": "Title", + "text": "Directional Movement Index (DMI) on the Charts", + "updated": 1611673222345 + }, + { + "style": "Text", + "text": "According to Investopedia, the DMI is an indicator that can “measure the strength and direction of a price movement so traders may avoid false signals. The DMI is two different standard indicators, one negative and one positive, that are plotted as lines on the same chart. A third line, the average directional index, or ADX, is non-directional but shows movement strength.”" + }, + { + "style": "Png", + "text": "PNGs/Superalgos/Docs/indicators/dmi-on-the-chart.png", + "updated": 1611673285901 + }, + { + "style": "Text", + "text": "According to Investopedia, “The ADX is used to indicate market direction, the existence or nonexistence of a trend and market momentum. Market direction is determined by the levels of the +DI and -DI. If +DI is the higher number, market direction is up; if -DI is the greater number, market direction is down. The ADX indicator, which varies in value from zero to 100, is the primary momentum indicator. A value over 20 indicates the existence of a trend; a value over 40 indicates a strong trend.”" + }, + { + "style": "Text", + "text": "Standard parameters:" + }, + { + "style": "List", + "text": "Value for DI Length = 14" + }, + { + "style": "List", + "text": "Value for ADX Smoothing = 14" + }, + { + "style": "Text", + "text": "I made it easy to change the parameters needed for the calculation as per your needs. Locate and open the Javascript Code under Data Building Procedure -> Procedure Loop under “DMI Directional Movement” Product Definition." + }, + { + "style": "Png", + "text": "PNGs/Superalgos/Docs/indicators/dmi-setting-parameters.png", + "updated": 1611673329568 + }, + { + "style": "Title", + "text": "Directional Movement Index (DMI) Products & Properties" + }, + { + "style": "Text", + "text": "There are three properties available:" + }, + { + "style": "Table", + "text": "| Product Name | Product Variable | Properties |\n| DMI | DMI | plusDI, minusDI, adx |", + "updated": 1611673388901 + }, + { + "style": "Text", + "text": "Examples:" + }, + { + "style": "Text", + "text": "Basic strategies can be built by checking if plusDI is greater than minusDI:" + }, + { + "style": "Javascript", + "text": "chart.at04hs.DMI.adx < 20", + "updated": 1611673404081 + }, + { + "style": "Text", + "text": "There is no clear trend." + }, + { + "style": "Javascript", + "text": "chart.at04hs.DMI.plusDI > chart.at04hs.DMI.minusDI", + "updated": 1611673420170 + }, + { + "style": "Text", + "text": "Trend is up." + } + ] +} \ No newline at end of file