Directional Movement Index Plus Fisher Price Action With Labels
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dmi plus fisher

FREE INDICATOR

Directional Movement Index shows buy and sell pressure. Fisher transform shows price action trending bullish or bearish. Caution dots notify you of conflicting trends.

How To Use

The top lines are the fisher transform showing you the price action trend. The bottom lines filled with color shows the DMI directional movement index. The yellow dots at the bottom tell you if these two indicators are currently giving conflicting signals.

DMI

If the green line is above the red line and the background is colored green, there is more market buying than selling. If the red line is above the green line and the background is colored red, there is more market selling than buying.

Fisher Transform

If the lines are painted green, the price action is trending up. If the lines are painted red, the price action is trending down.

Caution Dots

If a yellow dot shows up at the bottom of the chart, it is notifying you that the DMI and Fisher Transform are currently giving opposite signals…. so use caution.

Bullish & Bearish Labels

There is also a label on the right side that tells you whether there is more buying or selling. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current buy/sell pressure without having to look at the indicator data so you can make faster decisions on whether to enter or exit a trade.

Green means more market buying than selling. Red means more market selling than buying. Blue means an equal amount of market buying and selling.

If buying pressure is bullish but below the 20 level, a second label will show up in purple letting you know there is weak buying pressure so use caution. If selling pressure is bearish but below the 20 level, a second label will show up in purple letting you know there is weak selling pressure so use caution.
There is a third label showing the current trend of the fisher transform. Green means bullish price action. Red means bearish price action. The fourth label is orange and only shows up when the DMI and Fisher Transform are currently giving opposite signals, so make sure you use caution during those times.

Markets

This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.

Timeframes

This directional movement index + fisher transform indicator can be used on all timeframes.

Tips

Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Buy Sell Pressure Volume Profile, Momentum, Auto Support And Resistance with Wick Signals or Money Flow Index in combination with this Directional Movement Index + Fisher Transform. They all have real time bullish and bearish labels as well so you can immediately understand each indicator’s trend.

Release Notes

May 11, 2022: Added the ability to turn the bull/bear label on or off for better viewing on the mobile app or users that don’t want the label.
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