Directional Movement Index (DMI)

Description

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.

…Courtesy of FMLabs

Syntax

DMI(int period)

DMI(ISeries\<double\> input, int period)

Returns default value

DMI(int period)[int barsAgo]

DMI(ISeries\<double\> input, int period)[int barsAgo]

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

Parameters

Parameter	Description
input	Indicator source data (Series<T>)
period	Number of bars used in the calculation

Examples

1 // Prints the current value of a 20 period DMI using default price type
2 double value = DMI(20)[0];
3 Print("The current DMI value is " + value.ToString());

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.