Positive Directional Indicator for ADX

Measures positive upward movement.

 

Syntax: MDI(Length, Smoothing, Interval, [Ref], [Symbol])

Length = Required. Number of intervals. 

Smoothing = Required. Number of periods used in the DX calculated from +DI and -DI.

Interval = Required. 

[Ref] = Optional.

[Symbol] = Optional.

 

Comments: 

The default value in RavenQuote: Length = 14, Smoothing = 14.

 

Examples:

MDI(14, 14, 5, 0, YHOO)

Positive Directional Indicator for YHOO for the current 5-Minute Bar where the Length = 14 and the Smoothing = 14.