Diretional Movement RSI [victhoreb]

DM-RSI is a custom indicator that fuses the strengths of the Directional Movement Index (DMI) with an adaptative version of Relative Strength Index (RSI) to offer a unique perspective on market momentum and trend direction. Here's how it works:

- Overbought/Oversold Conditions: With configurable overbought and oversold thresholds (defaulted to 75 and 25 respectively), DM-RSI highlights potential reversal zones. When the indicator moves into these extremes, it can signal that the market may be overextended and ripe for a change in trend.

- Customization and Versatility: Users can adjust both the DM period and the RSI period to tailor the indicator to different timeframes and market conditions, making it a versatile tool for both trend-following and contrarian strategies.

Overall, DM-RSI helps traders identify strong trends, confirm market momentum, and pinpoint potential reversal points, providing an integrated tool for more informed trading decisions.