Dear guys,
I need to gauge the strength of securities and I chose Directional Movement index. I read from MS help the formula just pdi(14)-mdi(14) & one of smoothing of RSI: mov(RSI(14),smoothingperiods,simple). My plan is to smooth & optimize the Directional Movement index. Can I use the formula for smoothing? Please give me direction.
Thank you.
Regards,
Blitz