The Composite Market Direction Indicator is used to determine the maturity of the current trend, probable direction, and proximity to extremes and turning points. It is an oscillator, ranging from +1 to -1. The formula for the MDI is as follows:
The Composite Market Direction Indicator is used to determine the maturity of the current trend, probable direction, and proximity to extremes and turning points. It is an oscillator, ranging from +1 to -1. The formula for the MDI is as follows: