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PLUS_DM

Type: plus_dm • Category: indicators

Description​

Plus Directional Movement

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
highstringselect the column with highest pricesno
lowstringselect the column with lowest pricesno
timeperiodnumberNumber of periods to use for PLUS_DM calculationno14

Help​

PLUS_DM

Description​

The PLUS_DM worker is an indicator used in financial analysis to calculate the Plus Directional Movement. This indicator is used to identify the strength of a trend and can be used to determine the direction of the market.

The PLUS_DM indicator is calculated based on the highest and lowest prices of a given period, and it provides a value that represents the plus directional movement.

What does this worker do?​

The PLUS_DM worker takes in the following parameters:

  • dataExp: prices data
  • high: select the column with highest prices
  • low: select the column with lowest prices
  • timeperiod: Number of periods to use for PLUS_DM calculation

It then calculates the Plus Directional Movement based on these inputs and returns the result.

How to interpret the results​

The PLUS_DM indicator can be interpreted as follows:

  • A high PLUS_DM value indicates a strong uptrend, while a low PLUS_DM value indicates a weak uptrend or a downtrend.
  • A PLUS_DM value above 25 indicates a strong bullish trend, while a value below -25 indicates a strong bearish trend.

Usage​

To use the PLUS_DM worker, simply pass in the required parameters:

PLUS_DM(dataExp, high, low, timeperiod)

Example​

Here is an example of how to use the PLUS_DM worker:

PLUS_DM(dataExp=prices_data, high='high', low='low', timeperiod=14)

Indicator Visualisation​

For a better understanding of how to use the PLUS_DM indicator, please refer to the following images:

Full Indicator Usage​

[![PLUS_DM Full](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short Indicator Usage​

[![PLUS_DM Short](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The PLUS_DM indicator was developed by J. Welles Wilder, an American engineer and technical analyst. It is one of the indicators included in his Directional Movement System, which is used to identify and analyze the direction and strength of a trend.

The PLUS_DM indicator is often used in combination with other indicators, such as the Minus Directional Movement (MINUS_DM) indicator, to provide a more complete view of the market trend.