[EquisMetaStock Group] Dynamic Momentum Index (DMI)

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Corrected version of DMI.
Corrects for a volatility division error.

enjoy,

Preston



{Dynamic Momentum Index (DMI)}
{written by Preston Umrysh}
{[version2.0] corrects volatility division error}
{This indicator uses Dll software developed by MetaStock Forum Crew}
{http://forum.equis.com)}
x:=Input("normal ouput=1 Biplolar index=2",1,2,1);
Vt:=(Stdev(C,5)/Mov(Stdev(C,5),10,S))*10;
Vt:=Max(vt,.0000001);
Umom:=If(C>Ref(C,-1),C-Ref(C,-1),0);
Dmom:=If(C<Ref(C,-1),Ref(C,-1)-C,0);
UPS:= ExtFml( "ForumDll.VarSUM", Umom,Vt);
DNS:= ExtFml( "ForumDll.VarSUM", Dmom,Vt);
SumU:=ExtFml("ForumDll.VarMOV",UPS,Vt,e)/Vt;
SumD:=ExtFml("ForumDll.VarMOV",DNS,Vt,e)/Vt;
RS:=SumU/SumD;
DMnm:=100-(100/(1+RS));
DMIn:=(SumU-SumD)/(SumU+SumD);
If(x=1,DMnm,DMin); {end}




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