v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup

This commit is contained in:
Miha Kralj
2026-03-13 13:46:52 -07:00
parent e3e9555fc1
commit c75135ab14
402 changed files with 2222 additions and 1779 deletions
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| **PineScript** | [dx.pine](dx.pine) |
- The Directional Movement Index is the raw, unsmoothed measure of trend strength from Wilder's directional movement system.
- Parameterized by `period` (default 14).
- Output range: Varies (see docs).
- Requires `period` bars of warmup before first valid output (IsHot = true).
- **Similar:** [ADX](../adx/Adx.md), [ADXR](../adxr/Adxr.md) | **Complementary:** +DI/-DI for direction | **Trading note:** Directional Index; unsmoothed ADX. More responsive but noisier.
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
The Directional Movement Index is the raw, unsmoothed measure of trend strength from Wilder's directional movement system. It decomposes price expansion into +DM and -DM, normalizes against True Range using RMA smoothing to produce +DI and -DI, then computes the ratio $DX = 100 \times |{+DI - {-DI}}| / ({+DI + {-DI}})$. Unlike ADX, which applies a final RMA pass to DX, the raw DX responds immediately to changes in directional dominance — making it noisier but approximately one full period faster. Output ranges from 0 to 100, where high values indicate strong directional movement regardless of up/down direction. DX is the building block from which ADX is derived.
@@ -139,4 +137,4 @@ Same RMA bottleneck as ADX. The DX formula itself is fully vectorizable.
## Resources
- Wilder, J.W. — *New Concepts in Technical Trading Systems* (Trend Research, 1978)
- PineScript reference: `dx.pine` in indicator directory
- PineScript reference: `dx.pine` in indicator directory