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DMI

Cello/USDT AnalysisHello traders. 1. Weekly chart Stochastic RSI pointing up. The price has reached the 1.68 target of the projection and also the diagonal Fibo channel, a well-known target. 2. Daily chart I plotted two possible scenarios, an optimist with a green arrow and a pessimist with a red arrow. The price apparently corrected on the 50% retracement: The correction also respected the Arnaud Legoux moving average of 89: And it stayed above the exponential moving averages of 8 and 21: Analyzing 21-period Bollinger Bands, with regularized exponential mean and Extreme Stochastic DMI: The price tried to stay above the average for 3 times as per the red circles. It's testing again, to see if it goes back down to the green circle. The Extreme Stochastic DMI indicates bullish continuation pointing up. 3. 4-hour chart Price appears to be undefined in the range between the 200 exponential and simple moving averages The price needs to stay above 1,272 Fibo channel, otherwise it will test the next level at 1,382.
BINANCE:CELOUSDLong
by andre_007
2
BAKE Long, shows signs of recovery. Many days of supportHello, This is our second signal after we improved our trading system. BAKE is already up 70% + from the lowest point and is holding support and rising the last 12 days. Possibility of continuation as just today we received our signal to enter, and after a long downtrend the price has broken the lip of the alligator and is going up. Enter with caution on the hourly timeframe and set stop loss @ 0.267 Hold until doji candle appears or SAR ball appears or a combination of the two. Take care
Long
by leftoudakia
My twist on using the DMI indicatorWe have been talking for months now about the US Dollar going higher and with another strong month for jobs growth last week fundamental data and the technical view remain aligned. We thought that we would take a look at the USD/JPY chart this morning, which has recently broken above the 20-year resistance line and looks well placed for further gains to the 125.86 2015 peak. We are going to discuss why we think that this will break for a move to the 78.6% retracement (of the move down from 2002 to the 2012 low) at 132.33. Firstly we note price itself, the strength of the move prior to breaking the 20-year resistance line – the market rallied almost 10 big figures last month and secondly we have what I like to refer to as a ‘confirmed BUY signal’ on the DMI indicator (Directional Movement Index). These occur when the blue line breaks above previous blue peaks (the +DI line) and the previous sell peaks of the indicator (the -DI line) – see chart. Ideally ADX is also above 25. As a side note, I only use it when it gives these ‘confirmed’ signals. What Is the Directional Movement Index (DMI)? The directional movement index (DMI) is an indicator developed by J. Welles Wilder that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: Positive and negative directional movement form the backbone of the Directional Movement System. The Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) are derived from smoothed averages of these differences and measure trend direction over time. These two indicators are often collectively referred to as the Directional Movement Indicator (DMI). The Average Directional Index (ADX) is in turn derived from the smoothed averages of the difference between +DI and -DI; it measures the strength of the trend (regardless of direction) over time. Using these three indicators together, chartists can determine both the direction and strength of the trend. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell. KEY TAKEAWAYS • The directional movement index (DMI) is a technical indicator that measures both the strength and direction of a price movement and is intended to reduce false signals. • The DMI utilizes two standard indicators, one negative (-DI) and one positive (+DI), in conjunction with a third, the average directional index (ADX), which is non-directional but shows momentum. • The larger the spread between the two primary lines, the stronger the price trend. If +DI is way above -DI the price trend is strongly up. If -DI is way above +DI then the price trend is strongly down. • ADX measures the strength of the trend, either up or down; a reading above 25 indicates a strong trend. • I find this works better when using the ‘confirmed buy or sell’ and this only occurs when the +DI or -VE breaks above its previous peaks. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Long
by The_STA
MicroStrategy testing FibonacciWe can see a high correlation between the company and BTC since the pandemic. Looking at the monthly chart, the fact is that the price is now in an important Fibonacci region at 50%. On the 1-hour chart, on the ADX indicator, we can see a decrease in the selling force (red arrows), and an increase in the buying force (green arrows), forming a kind of symmetrical triangle, signaling a temporary indefiniteness. I'm waiting in the cabin to see what happens.
NASDAQ:MSTR
by andre_007
Is DXY topping...for now...Besides the illustrated Indicator signals, CoT Data on DXY shows Commercials at a (typical) turning point extreme. Nov '18, Oct '19 both previous times where Commercials were more than 40k Net Short...Extremes in the Commercials tend to correspond with turning points in the market. This is a BIG SHIP steering though, it's not a turn-on-a-dime kind of move. It's just saying, if you're in good profits Long DXY, maybe take a chunk off the table. Certainly we can get another push higher, I'll likely be looking to short the market if we do.
TVC:DXY
by mrjones2020
ICHIMOKU-DMI-RSI-setupWhen DMI is above 20 and top of Histogram sticks on DMI = Green --- go Long and top of Histogram sticks on DMI = RED --- Short NOTE: If candles are far away from cloud, try to wait for a better entry, as candles move toward the cloud and thru moving averages for support/resistance entries. If DMI is below 20 , no entry Above the cloud is long, Below the cloud is Short As candles move thru the cloud, long or short, enter as it exits the cloud, then use the cloud edge as stop loss. Use the RSI as it nears top or bottom for possible long/short exits. BUY and SELL triangles to help with possible entry / exit points. 120 day MA added for reference point to I mostly use this on 1 min, 3 min and 5 min for daytrading futures, stocks. Can be used on anything. Higher time frames are more for swing trading.
CBOT_MINI:YM1!Education
by bullreporter99
Long FBEntry price: 369-375$ Target price: 408$ Stop loss: 365-369$ Keltner Channel: the price is inside of the channel, approaching the upper boundary. Chart pattern: symmetrical triangle DMI: +DI line crossed -DI line from the below. Moreover, the intersection moment appeared above the ADX line what might suggest the bullish momentum of the price. Conclusions: The price broke the upper boundary of the triangle pattern, however there is no volume increase at the moment. Thus, long position is recommended after the price correction above the pattern with the entry price on the new support level.
NASDAQ:METALong
by vf_investment
An oppertunistic shake-outSince I've posted the previous chart (on 1th of may) we can see the TTM squeeze hasn't completed yet (marked in upper chart with yellow circles). But in my previous post, I've also explained how I use this DMI indicator to signal the start of a new trend. measure the fading trendline untill its end. track the intermediate bearish pushes up till strength 40 The focus on strength 40 wasn't the right way to look at it. All the pumping happening at the time got to me, making me grow impatience. Because since I've posted that chart, these pushes became more dominant. And now we have had two consecutive bearish pushes. This can be described in two ways. The first explanation (oppertunistic shakeout, my prospect. Previous analysis still applies): When the trend is stale in both directions, it doesn't take a lot of force to move the price significantly. What this means is (I try to explain in layman's terms) less bears are necessary when the bulls are absent and vice-versa. The price shift is caused by opportunistic trades and do not have a fundamental catalyst. This does not cause a change in prospects but is psychologically torturing traders with long positions. The second explanation, the reversal engages and a trend down is set. This is a premature conclusion and the chart is misinterpreted. I like to point out, misinterpreted. Not a false signal . It is extremely hard to predict a reversal (means charting before a reliable confirmation signal has happened). The DMI can be used for these things if used accordingly. We have 3 points in our chart that tell us we can't predict a reversal 'reliable'. 1. If we were to chart a new trend, this can only happen after the current trend halts. - An example of a flaky trend stop signal would be on 23rd-24th april. - An example of a clear trend stop signal would be on the 20th of march No trend halts abrupt, nor is the halt always very clear. But we can see pretty obvious that the combined trend hasn't dropped below 20 since the 1th of may. It has come close to 20, but didn't drop below it. And even if it did, it would take an additional bar (longer silence = more reliable) for an acceptable trend stop according to my own methods. 2. Both bearish pushes had less strength than past bullish push 3. The second bearish push was weaker than the first one, while the last bullish push was stronger than the bullish push before that. If you enjoyed reading this please leave a comment. If you have any questions, please DM me. I can imagine you have questions, i am happy to answer them personally. As I am a small analyst with few followers, comments actually give me huge dopamine rushes.
Education
by UnknownUnicorn12005085
1
DOGE - It's Happening Again - I can't not buy it... Well. Doge is at it again. Obviously yesterday's big push has me excited. I exited a swing trade after a few days +12%... but now I'm looking at getting back in (see linked idea below) but this time for a play that could take a bit longer to finish. Here's why I'm looking at getting back in: Clear establishment of a double bottom 1, 2, and 3 day RSI and DMI are bullish Previous test of neck line was rejected - but second pass could break it I'll have a stop limit sell order to limit my risk, but the more I'm looking at this the more I'm liking the possibility of a longer play to see the W pattern play out. If that does happen, I could see doge in the $0.078 to $0.088 range.
BITTREX:DOGEUSD
by worldlyTacos81375
Correction, Dip, or Bearish Market is coming?ATR volatility is increasing, last candle show bearish engulfing, picturing from yesterday "so-called-dip" is showing bearish movement, and I think that last pattern looks like bear flag. Also, as some of us know crypto market are kinda tidally-locked with BTC market movement, we should take a close look at what BTC market is doing. So, are we really still on a bullish market? Let me know. Anyway, just be careful. Notes: - All indicator uses 24 length period to measure 24 hours statistics - ATR is modified to use EMA instead of RMA - ATR is modified to use HMA as a predicting oscillator - I modify the DMI to look like MACD (don't know why, I just like it that way) and added RSI on top of it (not sure why)
Short
by OgahTerkenal
how to... CareBear 👾4h on left showing hma and dmi setting up to bear cross. However, current di- structure presents potential bull div with LL price on Jan 31 not reflected in HH on Di- within DMI. Sell pressure still present but projected targets downside (post mercy pomp on 30m to 3841, give or take) would be mid level, 3796, 3786, 3768 , and 3754. From current HOD @ 3843, all targets to 3754 are feasible based on 1d atr @ roughly 89 pts. Weekly atr @ 146 pts; from the current low @ 3656 to the High @ 3843, we've done roughly 128% of the weekly atr all to the upside. Current price @3829 is roughly 167 pts or 112% of the weekly atr from the weekly low. Possible to push higher? Always, but probabilities would favor a dip. Across the board: 4h bearish , 1d bullish , 1W bearish Appreciate the risk.
CME_MINI:ES1!
by iSovereign
1