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Positive Directional Indicator (DI+)
Positive directional indicator (DI+) is component of average directional index (ADX). If DI+ is sloping upward, it is signal that uptrend is increasing. Indicator was developed by Welles Wilder.
DI+ is calculated by formulas:
True range (TR) indicator is used in calculation. For n parameter is usually used value of 14.
Positive Directional Indicator (DI+)
Interpretation
Positive directional indicator is usually plotted with negative directional indicator (DI-). For details, see directional movement system (DMS) or average directional index (ADX).
Example
Open chart for google with DI+ indicator.