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I am using Jayson's code for the Dynamic Momentum Index. I find this
index to be an extremely good verification tool for another system
that I use. (How good? Well it takes the normal system that runs
about 67 percent winners unfiltered and kicks it up to 79 percent
winners when this is applied as a confirming filter.)
My question is this, probably a simple one for you code mavens, but
not for me: How "dynamic" is the DMI intraday? That is to say, some
indicators will turn or signal on a high or low price value, and no
matter what price does for the rest of the day, the signal for those
indicators will remain in place once triggered. Is the DMI like
this, or does the DMI have the potential to signal and then
"unsignal" intraday?
Yuki ^_^
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