Table of Contents
These filters let you pick a stocks based on the Directional Indicator (DI) formula.
If the +DI is above the -DI, the common interpretation is that the stock is going up. To find stocks like that, set the minimum value for this filter to 0. If the -DI is above the +DI, that is a sign of a downward trend. To find stocks like that, set the maximum value for this filter to 0.
The exact formula for this filter is (+DI) - (-DI). You can use this to make more specific queries. For example, set the min value to 10 to find stocks where +DI is noticibly higher than -DI. Or set the max value to -10 to find stocks that are going down more than a little. This filter can be anywhere between -100 and 100.The ADX, the +DI, and -DI are often used together, as in these examples. The ADX confirms that there is a trend, and the +DI and -DI show the direction of the trend. Relevant scans: Stocks Trending Up Stocks Trending Down
Filter Info for Directional Indicator [PDIMDI]
- description = Directional Indicator
- keywords = Changes Daily
- units = %
- format = 1
- toplistable = 1
- parent_code =