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Dynamic Momentum Index (DMIndex)

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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(IDataSeries input, int smooth)

 

Returns default value
DMIndex(int period)[int barsAgo]
DMIndex(IDataSeries 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

input

Indicator source data (?)

smooth

The number of bars to include in the calculation

 

 

Examples

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

 

 

Source Code

You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.