Hello: I am using the ADMI "Average Directional Moving Index" that came standard with MT4. It doesn't appear to be working correctly since I have used many other well known platforms and even put the indictors side by side. It appears the DM+ and DM- envelopes are just too shallow. The ADX line should tend to cross IN BETWEEN the two DM's. This indicator has the ADX values too high and riding on top.
The typical settings are defaulted to 14. If I change the periods to 30 the indicator seems to look more normal. Does anybody know what I am talking about? Does anyone have a normal "DMI" indicator they can share?
Thanks
The typical settings are defaulted to 14. If I change the periods to 30 the indicator seems to look more normal. Does anybody know what I am talking about? Does anyone have a normal "DMI" indicator they can share?
Thanks