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Directional Movement Index - DMI
What does it mean?
An indicator developed by J. Welles Wilder for identifying when a definable trend is present in an instrument. That is, the DMI tells whether an instrument is trending or not.
In Other Words...
The scale for the DMI is from 0-100. The Average Directional Movement Index (ADX) is a moving average of the DMI.
Related Links
Introduction to Technical Analysis - Here is an easy-to-understand tutorial on the various tools used in technical analysis, including moving averages, RSI, Bollinger bands, stock chart patterns, and much more.
Related Terms
Technical Analysis
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