Dynamic Momentum Index (DMIndex)

Description

An indicator used in technical analysis that determines overbought and oversold conditions of a particular asset. This indicator is very similar to the relative strength index (RSI). The main difference between the two is that the RSI uses a fixed number of time periods (usually 14), while the dynamic momentum index uses different time periods as volatility changes.

… Courtesy of Investopedia

Syntax

DMIndex(int smooth)

DMIndex(ISeries\<double\> input, int smooth)

Returns default value

DMIndex(int period)[barsAgo]

DMIndex(ISeries\<double\> input, int smooth)[int barsAgo]

Return Value

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

Parameters

Examples

1
// Prints the current value of DMIndex using default price type
2
double value = DMIndex(3)[0];
3
Print("The current DMIndex 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.