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DM Trend Color

The Trend Color Indicator is based off the Directional Movement Index (DMI), which is especially useful in determining a definable trend. However, the interpretation of this indicator is not as ‘black and white’ as other trend indicators? We’ve changed that here at Ninjacators by creating a fully customizable paint bar study, showing clear green bars when a trend is up, or red bars when a trend is down.

Categories
Single Indicators
Asset Class
FuturesForex
Analysis Method
Trend/Counter-Trend

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