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PLUS_DM

Type: plus_dm • Category: indicators

Description​

Plus Directional Movement

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
timeperiodnumberno14

Help​

PLUS_DM

Plus Directional Movement Indicator​

The Plus Directional Movement (PLUS_DM) indicator is a technical analysis tool used in financial markets to gauge the strength and direction of a trend.

Description​

The PLUS_DM indicator is part of the Directional Movement System, which aims to measure the strength of a trend by comparing the highs and lows of an asset over a specified period. This indicator specifically focuses on the upward price movements, helping traders identify bullish trends.

What does this worker do?​

The PLUS_DM worker calculates the Plus Directional Movement indicator based on the provided high and low prices over a specified time period. It helps traders and analysts determine the positive directional movement of an asset, which can be used to assess the bullishness of the market.

How to interpret the results​

  • A high PLUS_DM value indicates a strong positive directional movement, suggesting a robust bullish trend.
  • A low PLUS_DM value suggests a weak or non-existent positive directional movement, which could indicate a bearish or sideways market.

Parameters​

The following parameters can be passed to the PLUS_DM worker:

Parameters Schema (JSON)​

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

Detailed Parameters List​

  • high: string
    • Description: List of highest prices. This should be a comma-separated string of numerical values representing the high prices of the asset over the specified period.
  • low: string
    • Description: List of lowest prices. This should be a comma-separated string of numerical values representing the low prices of the asset over the specified period.
  • timeperiod: number
    • Type: Number
    • Default: 14
    • Description: The time period over which the PLUS_DM indicator is calculated. A higher value means the indicator will be less sensitive to price movements, while a lower value means it will be more sensitive.

Usage​

To use the PLUS_DM worker, provide the required parameters in the specified format. For example:

{
  "high": "10.5,11.2,10.8,11.5,12.0",
  "low": "10.0,10.5,10.2,10.8,11.2",
  "timeperiod": 14
}

This will calculate the Plus Directional Movement indicator based on the given high and low prices over the default 14-period. Adjust the timeperiod as needed for different analysis requirements.