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At what time do we use DMI (Directional Movement Index)? Where does it work better and how to use it?
Sorry for lots of questions. I'm still a newbie trying to learn forex XD
about 1 year ago
Best Answer - Chosen by Asker
The DMI is a momentum indicator that measures how strong a trend, whether a pair is either ranging or trending. In general, when the +DI line is above the -DI line, the market is moving upwards, and when the -DI line is above the +DI line, the market is moving downwards.
The DMI is used as a confirmation indicator. It means that you do not use it alone, but in conjunction with other tools or other types of analysis.
about 1 year ago
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