Just a continuation of Linuxsers message : the "to the letter" DMI
The reason it never was posted is that differences (value wise) compared to igorads version are marginal (compare them - you will see)
Also, if some other indicator shows different values than this one, then that indicator is wrong. This one is made to the letter the same way that Welles Wilder calculated it ("New Concepts in Technical Trading Systems" 1978 - starting from page 35)
Btw: apart of
DMI (ADX), SAR, Volatility index, The Relative Strength Index (yes, the RSI), and some more goodies described in that book
30 years ago Maybe it is time people consider actualy reading that book. Anything capable of surviving 30 years in this world must have at least a grain o geniality in it. And that book really does show how the genius thinks
Quote:
Originally Posted by Linuxser
On igorad's version changing ADX form 1 to 0 you only hide the DMI and just see the DI+ and DI-.
Some history:
igorad discovered the problem long time ago: http://www.forex-tsd.com/96871-post51.html
After read igorad comments I've contacted metaquotes. They made another DMI indicator but they decided to not include on the releases. Funny right? You recognize something is wrong but you don't want to fix it. 
On last march, mladen and I we had a long long talk (32 messages). And he made 3/4 different new versions about Wilders DMI. One of them is the exact reply of the one explained into wilder's book, as igorad did two years ago. Differences are minors, see picture. Igorad last version is on the bottom.
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