The DMI (Directional Movement Index) is one of the most popular technical indicators used by novice and professional traders alike. It does have one major problem though — the regular version of the DMI hasn't been updated since it was first created by Welles Wilder back in 1978!
Though the DMI used to be a great trading indicator, the lack of any updates has made it less effective in today’s dynamic, fast-paced markets. As markets evolve, the technical indicators that we rely on to trade successfully must also evolve. Our Super DMI™ Indicator Package overcomes the limitations of the old DMI and offers several powerful new features — making it more effective than ever before!
The Super DMI™ Indicator Package also includes a special "Scanner" Indicator designed to scan for signals and trend conditions using the NinjaTrader Market Analyzer, TradeStation RadarScreen or MultiCharts Market Scanner. And all columns, colors, and text are fully cusstomizable!
The Super DMI™ includes a special “Divergence Engine” unlike anything you have seen before. It is trader-friendly, easy to use, and offers many advanced features, settings, and customizations — making it ideal for both novice and professional traders.
Our Divergence Engine issues standard divergences, “Filtered Divergences” and 3-Point Divergences! There are also customizable audio, visual, and email alerts to alert you to each divergence signal!
Only the Super DMI™ lets you smooth the price data that flows into the DMI and ADX formula. By smoothing price data, the plots of the DMI and ADX become much smoother than the classic DMI and ADX.
Use any averaging method when calculating the DMI — choose from SMA, EMA, DEMA, TEMA, WMA, TMA, HMA, or GMA!
The Super DMI™ color-codes the DMI+ and DMI- based on whether the ADX is below the user-defined “Chop” threshold, above the “Breakout” threshold, or in a state of “Exhaustion”.
You can easily activate or deactivate each of the various to prevent being distracted by signals that you aren’t trading.
The Super DMI™ PaintBar enables traders to monitor the DMI and ADX conditions directly from the chart or price panel. It uses advanced, flexible color-coding techniques to give you complete control over the appearence of all colors and plot styles.
Green Bars = DMI Plus > DMI Minus
Red Bars = DMI Minus > DMI Plus
Dark Green Bars = ADX < Chop Threshold and Bullish DMI
Dark Red Bars = ADX < Chop Threshold and Bearish DMI
Aqua Bars = ADX > Breakout Threshold and Bullish DMI
Pink Bars = ADX > Breakout Threshold and Bearish DMI
Yellow Bars = ADX Exhaustion
The Super DMI™ includes our state-of-the-art “Divergence Engine”, which automatically detects bullish and bearish divergences between the Indicator and Price. When a valid divergence is detected, the Super DMI™ automatically draws a divergence trendline directly onto the chart — alerting you to the increased likelihood of a price reversal. It also includes fully customizable audio and visual alerts to ensure you won't miss any divergence signals. Our Divergence Engine is truly the most effective and customizable tool of its kind!
* These proprietary features and capabilities are exclusive to our Divergence Engine — you won't find them anywhere else!
The Super DMI™ Indicator Package also includes a special "Scanner" Indicator designed to scan for signals and trend conditions using the NinjaTrader Market Analyzer, TradeStation RadarScreen, or MultiCharts Market Scanner. And all columns, colors, and text are fully customizable!
As you can see in the screenshots below, using Super DMI™ with the NinjaTrader Market Analyzer, TradeStation RadarScreen, or MultiCharts Market Scanner allows you to scan for DMI signals across any list of symbols — in just seconds!
You can exchange your Indicator Package for another of equal or lesser value — up to 30 days after purchase!
(Click the Image Below to View the User Guide)