Hi everyone, I'm having some trouble understanding how to calculate the +DI and -DI values from the Directional Movement Index indicator. The explanation below explains things quite well except when it gets to the PlusDMsum = previous PlusDMsum ..... etc. What do I use to calculate the first PlusDMsum?? Or can someone provide a better explanation of how to calculate this indicator properly? Thanks.
http://www.linnsoft.com/tour/techind/dirInd.htm Here is TR http://www.linnsoft.com/tour/techind/trueRange.htm Here is ADX http://www.linnsoft.com/tour/techind/adx.htm