DTI Trade
DTI (Directional Trend Index) Trade in Amibroker generates trade signals based on DTI readings. Utilizing the Amibroker data feed, it integrates trend strength into trade analysis, assisting traders in making informed trading decisions.
/_SECTION_BEGIN("DTI_Trade");
r = Param( "Length", 25, 1, 100, 1 );
s = Param( "Smoothing", 13, 1, 100, 1 );
x = H - Ref(H,-1);
HMU = x > 0;
LMD = x < 0; HLM = HMU - LMD; //Plot(HLM, "", colorRed); a = EMA(EMA(HLM,r),s); b = EMA(EMA(abs(HLM),r),s); DTI = 100 * (a/b); Value1 = a; Value2 = b; Value3 = IIf(Value2 != 0, Value1/Value2,0); Value4 = IIf(Value3 - Ref(Value3,-1) > 0 AND Value3 > 0, Value3,0);
Value5 = IIf(Value3 - Ref(Value3,-1) < 0 AND Value3 < 0, Value3,0);
DTI_Trade = Value4 + Value5;
Plot(DTI_Trade, "DTI_Trade", colorOrange, styleThick);
//Plot(Value3, "", colorRed, styleHistogram);
//Plot(Value4, "", colorLime, styleHistogram);
_SECTION_END();