Blau Directional Trend Index Indicator
Platform: MT5 Type: Oscillator Last update: September 23, 2024The Blau Directional Trend Index Indicator is based on the technique first introduced by William Blau in his book “Momentum, Direction and Divergence” (1995). The author focuses on three key aspects of trading: momentum, direction and divergence. The Directional Trend Index is an indicator that works in a similar manner to the DM+, which is a part of Directional Movement System).
The starting point is zero line – when the values of the Blau Directional Trend Index are above it and rising, the trend is considered stable upward. Conversely, when the values are negative and dropping, the trend is considered stable downward.
