Trading platforms/website to see the +DI and -DI

#1
Hi All
I want to see the +DI and -DI indicator in my real time stock chart
I see that google finance and yahoo doesnt have it
Its not even there in the indiainfoline charts in their trading terminal
Can someone tell me which trading platform(or websites) I can see that indicator (pref free of cost)
Is it there in amibroker/fibotrader etc?

PS: More details on ADX, +DI, -DI here:

http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:average_directional_
 

bunny

Well-Known Member
#2
EDIT
Oops! did not see your "Real time" requirement. Sorry. Anyways, it is available in Sharekhan's Trade Tiger that I use.
----------------
Direction indices are a part of ADX system. You can see it in www.icharts.in/charts.html or www.rupeeking.com/charts

There is no separate option for +DI or -DI, you will have to select "Avg Directional Index". You will get a plot of +DI, -DI and ADX overlayed on each other.

My experience is that DI crossovers give many whipsaws and as such no smoothing is available. So be careful.
 

bunny

Well-Known Member
#4
Thanks bunny
Which indicator according to you works best for intraday?
Volume and price action. Its not an indicator per se, but it requires a lot of careful interpretation.

While I watch the market throughout, I do not trade intraday and as such I do not use any matematical indicators in my positional trades as well. I use price, volume, historical price data.
 

bunny

Well-Known Member
#6
ok thanks
Can we apply volume and price for nifty?
What does your VSA say for nifty on monday?
Yes, it works for indices as well.

As on NIFTY, I am inclined to the bearish side, a small correction perhaps, until the bulls show their strength. We had a level, NR4 day with highest volume as compared to previous 3 sessions. Perhaps, we may see a correction.

A tip: If you want to trade intraday, the always look out for volume spikes. Direction often reverses soon after a volume spike. Of course this is not 100% foolproof.
 

bunny

Well-Known Member
#9
Though you have got it, I am posting it for others who may bee looking for it:

  1. Double-click on the scrip row to open the chart window.
  2. Right-click on chart, select Add study. This will open the Study Selection window.
  3. Under Study and parameters tab, choose ADX from the dropdown.
  4. Leave the settings to default if you are not sure of them.
 

Similar threads