Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/28/2004(UTC)
Posts: 110
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Here is a low lag version of the DMI called the DMZ.
It uses a zerolag ema and is similar to the Jurik DMX.
Enjoy!
{(DMZ)Dynamic Momentum Index}
{similar to the Jurik DMX- a lowlag DMI}
{written by Preston Umrysh}
{This indicator uses Dll software developed by MetaStock Forum Crew}
{http://forum.equis.com)}
Vt:=(Stdev(C,5)/Mov(Stdev(C,5),10,E))*10;
Vt:=Max(vt,.0000001);
Period:= Input("ZeroLag Period",1,250,10);
EMA1:= Mov(C,Period,E);
EMA2:= Mov(EMA1,Period,E);
Difference:= EMA1 - EMA2;
ZeroLagEMA:= EMA1 + Difference;
x:=ZeroLagEMA;
ExtFml( "ForumDLL.VarRSI",x ,vt)
{end}
Preston
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