The DMH: An Improved Directional Movement Indicator by John F. Ehlers
The directional movement indicator originally developed by J. Welles Wilder has been a mainstay in technical analysis. It’s time to modernize it.
I hardly know where to start. Directional movement has been part of technical analysis for five decades, invented using pencil and paper for its calculations. Seriously! Check out the worksheets in J. Welles Wilder’s 1978 book, New Concepts In Technical Trading Systems ...