DI+/DI- Volatility Index
This is a indicator based on the DI+ and DI- Indicators, that are usually used to measure the strength of a trend.
It works by taking the difference between the DI lines.
If the DI+ is higher than the DI-, the indicator will be green and it's value will be the difference between them; if the DI- is higher than the DI-, the indicator will be red and the value will be the difference between them.
The lines are EMA's of the values themselves.
For strategies, it works well as overbought and oversold levels, but i'll let you find how to do that :)
It works by taking the difference between the DI lines.
If the DI+ is higher than the DI-, the indicator will be green and it's value will be the difference between them; if the DI- is higher than the DI-, the indicator will be red and the value will be the difference between them.
The lines are EMA's of the values themselves.
For strategies, it works well as overbought and oversold levels, but i'll let you find how to do that :)