Volume Choices for a Volume-Weighted Wilder DMI Indicator

Summary

This note explains that a volume-weighted version of Wilder’s Directional Movement Index can use one of three volume inputs: no volume, tick volume, or real traded volume. With no volume selected, the indicator is equivalent to the original Wilder DMI. Tick volume is offered for forex symbols, while real volume is available for instruments that provide it.

The document gives a practical way to recognize when real volume may be unavailable: selecting it and seeing no indicator output can indicate that the symbol only supplies tick-volume data. It does not describe the indicator’s calculation, how volume changes its signals, or any trading rules. No performance evidence or market examples are provided, so the note serves as a brief description of input options rather than a strategy evaluation.

Key ideas

• The indicator can use no volume, tick volume, or real volume.
• Selecting no volume makes it equivalent to Wilder’s original DMI.
• Tick volume is intended for forex symbols.
• An empty indicator display after selecting real volume may mean the symbol provides only tick volumes.
• The document gives no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.