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phsst,
FYI....
At first I was confused when you mension the PDI
indicator. When I checked the web, very little could
be found. Then, when you called it the Pos.Dir.Movement
indicator, I found the source of my confusion.
Interestingly, I found another indicator which
goes by the same acronym.
One version is the more common Pos.Dir. Movement (+DI)
as mensioned by you.
The other one is the "Probable Direction Index" (PDI)
Very obscure....couldn't find much on it.
There's one article in S&C magazine"
http://store.traders.com/-v06-c02-pelleti-pdf.html
Cheers,
gosub
--- In amibroker@xxxxxxxxxxxxxxx, "phsst" <phsst@xxxx> wrote:
> PDI is Positive Directional Movement Indicator (aka +DI)
> MDI is Minus Directional Movement Indicator (aka -DI)
>
> They are both AFL functions. Look at the following link for a little
> background info on ADX along with +DI and -DI.
>
>
http://www.stockcharts.com/education/What/IndicatorAnalysis/indic_ADX.
html
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "gosub283" <gosub283@xxxx> wrote:
> > phsst and others,
> >
> > In his recent post, "phsst" wrote.
> > "Use ADX, PDI & MDI to determine the current
> > trend, then....."
> >
> > I'm having some trouble finding info and
> > formulas for the PDI. (I assume this is the
> > Probable Direction Index)
> > Can anyone point me in the right direction, or
> > has anyone already coded this in AFL ?
> >
> > Thanks to anyone who contributes,
> >
> > Cheers,
> > Gosub
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