Tushar Chande MT5 DMI Trading Indicator

Tushar Chande MT5 DMI Trading Indicator

Tushar Chande's DMI trading indicator for MetaTrader 5 terminal allows you to more accurately and punctually determine overbought and oversold zones.

The Tushar Chande DMI trading indicator to the trading terminal MetaTrader 5 is a dynamic momentum indicator designed to identify overbought and oversold zones.

It is similar to the RSI indicator but differs in that it does not use a fixed number of timeframes but different timeframes as volatility changes.

How to use Tushar Chande's DMI indicator

The Tushar Chande DMI indicator is interpreted in the same way as the RSI, where readings below 30 are defined as oversold and above 70 are defined as overbought.

The number of time periods used in a dynamic impulse decreases as the volatility of the selected asset increases. This makes the indicator more responsive to price changes than the RSI.

Tushar Chande MT5 DMI trading indicator implemented additional smoothing using not the RSI original, but RSX in the calculations, to make the indicator more readable.

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