Thinkorswim ADX DMI Watchlist


Thinkorswim ADX DMI Watchlist

The Trend Detector indicator. The DMI (Directional Movement Index) is used by many traders to Thinkorswim ADX DMI Watchlistidentify the beginning and direction of trends in the price action. For many years, traders have used multiple time frames to identify opportunities to trade in the direction of the trend. In this video we show how to add three custom columns in a watchlist, one for Weekly, one for Daily and one for Hourly. You can set these to whatever time frames you prefer. Each of the custom columns display all three of the DMI plots. How do we do that? You’ll have to watch the video to find out!

 

Build your watchlist today

After following our step-by-step instructions you will have your own custom watchlist containing many chart’s worth of information. You will be able to see the position of the DI+ and DI- lines as well as the value of the ADX. All available in a single glance. After setting up the watchlist, we’ll conclude with a demonstration of how to read and interpret the output.

Here is the code you will need to set up your watchlist columns:

*Thinkorswim is a chart analysis platform offered by TD Ameritradewww.tdameritrade.com

TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.

 

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Watch the video, Thinkorswim ADX DMI Watchlist below:

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