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PLUS_DI

Type: plus_di • Category: indicators

Description​

Plus Directional Indicator

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringList of closing pricesno
timeperiodnumberno14

Help​

PLUS_DI

Plus Directional Indicator​

Description​

The Plus Directional Indicator (PLUS_DI) is a technical indicator used in financial markets to measure the bullish sentiment of a security. It is part of the Directional Movement System developed by J. Welles Wilder.

What does this worker do?​

This worker calculates the Plus Directional Indicator (PLUS_DI) for a given set of high, low, and close prices over a specified time period. The PLUS_DI indicator helps traders identify the strength of an uptrend and can be used to confirm or contradict other forms of technical analysis.

How to interpret the results​

  • A high PLUS_DI value indicates a strong bullish trend, suggesting that buyers are in control.
  • A low PLUS_DI value indicates a weak bullish trend or a bearish trend, suggesting that sellers might be gaining control.
  • Traders often use PLUS_DI in conjunction with the Minus Directional Indicator (MINUS_DI) to gauge the relative strength of bullish versus bearish movements.

Parameters​

The following parameters are required to compute the PLUS_DI:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters​

  • high: string - A list of highest prices. This should be a comma-separated string of numbers.
  • low: string - A list of lowest prices. This should be a comma-separated string of numbers.
  • close: string - A list of closing prices. This should be a comma-separated string of numbers.
  • timeperiod: number - The time period used for the calculation. Default is 14.

Usage​

To use the PLUS_DI worker, provide the required parameters in the specified format. Ensure that the lists of high, low, and close prices are of the same length and correspond to each other in terms of time intervals. The worker will then compute and return the PLUS_DI values based on the given inputs and time period.