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Yes, it helps a great deal!
Let me explain a bit. You will notice that the code below uses the
terms PDI and MDI. In metastock terminology that is positive
directional index(DI+) and minus directional index (DI-). Next we
notice the bipolar index trick where we plot (x-y)/(x+y). Then
finally there is either a weighted moving average or a wilders
smoothing. Pretty simple really, if this is the jurik code its really
not as smooth as it could be. I'll actually write out several and see
which is smoother and more importantly has less lag.
Very Good! Thanks!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "madhavranade" <sumamura@xxxx>
wrote:
>
> preston,
>
> see if this gives u some clue.
>
>
>
> t = Param("DM Periods",14,1,100,1);
>
> bDMI = 100 * (PDI(t) - MDI(t)) / (PDI(t) + MDI(t));
> Plot(bDMI,"Bipolar DMI"+t,4,1);
> Plot(WMA(bDMI,4),"",5,1);
> --------------------------------------------------------------------
--
> ----------
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
wrote:
> > DMX is Jurik Research's low lag DMI.
> >
> > Let's see the tradestation code and maybe we can duplicate it.
> >
> > Preston
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "madhavranade"
> <sumamura@xxxx>
> > wrote:
> > > any idea about MS formula for this indicator. i can give you
> > > tradestation formula if it is of any help.
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