Dynamic Momentum Index (DMIndex)

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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(ISeries<double> input, int smooth)

 

Returns default value
DMIndex(int period)[int 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

input

Indicator source data (?)

smooth

The number of bars to include in the calculation

 

 

Example

ns

// 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 New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.