The AT DMI indicator has an optional double EMA to filter trading signals.
If both the EMA slow and fast period are specified, long DMI trade signals will only be valid when the Fast EMA is above the Slow EMA and short DMI trade signals only when the Fast EMA is below the Slow EMA.
A contradiction between DMI and Double EMA will result in a ‘None’ signal.
If one or both of the EMA periods is zero, EMA trade signal filtering is disabled.
Alerts
- When the signal becomes Strong
- When the ADX starts trending
- When the ADX stops trending
Signals
| Strong Long | When the ADX is rising and the +DI is above the -DI and also above the threshold |
| Weak Long | When the +DI is above the -DI and also above the threshold, but the ADX is not rising yet |
| None | When one of the other conditions aren’t valid, or when the EMA is specified and the DMI signal contradicts with the EMA signal |
| Weak Short | When the -DI is above the +DI and also above the threshold, but the ADX is not rising yet |
| Strong Short | When the ADX is rising and the -DI is above the +DI and also above the threshold |
Read the EMA description on the left for extra information.
Settings
| ADX Alert Enabled | Enable this to receive an alert or email whenever the ADX slope turns |
| ADX alert Sound | The sound file for the ADX Alert |
| DMI Period | The number of bars to evaluate for the ADX and DMI. |
| EMA slow period | The period for the optional slow EMA, can be zero. |
| EMA fast period | The period for the optional fast EMA, can be zero. |
| ADX threshold | The percentage used as threshold for DI- and DI+. Below it the signal wil not become Strong. |
| Color Bars | If checked the bars are colored when the signal is Strong |
| Hide background | Check this if you don’t want the background color in the DMI panel. If unchecked, the background color is gray when the ADX is falling (no trend), white when the ADX is rising but the signal not Strong yet, and red or green if the signal is Strong |
| Plots | The style of the different plots of the indicator |
| Color for ADX & ADX trend | The color for the ADX line when the ADX is flat or falling and the color when the ADX is rising |