DI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Oscillator DI (Damping Index) is designed to identify the damping of directional market movements.
Any value below 1.0 is a sure sign that price action is slowing down, regardless of its previous moves.
It has three input parameters:
DI = (H - L)/R
Where:
H = moving average (highest price, period, method) L = moving average (low price, period, method) R = H[i-period] - L[i-period]
Attachment download
📎 di.mq5 (8.79 KB)
Source: MQL5 #20853
DI - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
DI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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