Directional Movement Oscillator

The Directional Movement Oscillator (DMO) is an adaption to the Directional Movement Index (DMI).
The difference is that DMO is one line, whereas DMI has 3 lines: +DI,-DI, and ADX.
The DMO line calculation: DMO = (+DI) - (-DI)
I excluded the ADX in DMO because its completely useless.
Try this indicator out, good luck ;)

-racer8

הערות שחרור:

This DMO has a zero line

הערות שחרור:

rma-based instead of sma based now.

הערות שחרור:

Minor Changes

הערות שחרור:

Changed name of "length" and updated pic

הערות שחרור:

New update guys: updated the oscillator by adding a second line, the ma line (Red).
How to interpret signals:
yellow above red = uptrend
yellow below red = downtrend

הערות שחרור:

a

הערות שחרור:

>>>
DMO now has 2 colors!