DMI Stochastic Oscillator

v10.3
DMI Stochastic Oscillator

“The DMI stochastic uses the basic formulation for a 10, 3, 3 stochastic oscillator found in most charting packages but replaces the closing price of the price bar with the value of the 10-period DMI oscillator. The overbought and oversold levels are different also. They occur at the 10 and 90 levels instead of the more usual 20 and 80 levels. The DMI stochastic is much faster and less smooth than a stochastic based on price. However, it reaches extremes quickly, which allows for timely entries and exits.”

Barbara Star

 

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  1. Vinks_o_7 • 245 days ago #

    Thanks a lot Nicolas !

  2. Vinks_o_7 • 245 days ago #

    hum…not sure it’s ok though: according to Trader article: “the DMI is a 10 period +DI minus a 10 period -DI). Beside, is it’s a Sto oscillo, why do we have a -1000 or + 2000 level on display on your capture?
    In the article, her DMI Stoc oscillates between 0 and 100: any idea please ?

    • Nicolas • 245 days ago #

      You are right, there’s something wrong. It’s late here, I’ll have a better look by tomorrow..

    • Nicolas • 244 days ago #

      I think there’s a bug with the stochastic indicator, I made a technical report to PRT, will change the code once it has been revised.

    • Nicolas • 244 days ago #

      Code is updated, entirely recoded with the help of another platform program and it is now correct.

  3. Vinks_o_7 • 244 days ago #

    Great, thanks a lot Nicolas !

  4. Teddy Coronak • 244 days ago #

    Top Nicolas ! Merci

  5. Andyswede • 244 days ago #

    Thank’s! Great indicator:)

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