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Minus Directional Indicator

Live
The minus directional indicator is used along with Positive Directional Indicator used to determine downtrend

How calculated

Smoothed Negative directional movement/Average True Range

Example usage

=MinusDirectionalIndicator("MSFT") - Returns MinusDirectionalIndicator value for 14 day period
=MinusDirectionalIndicator("MSFT",30) - Returns MinusDirectionalIndicator value for 30 day period
=MinusDirectionalIndicator("MSFT",30,"9/1/2021") - Returns MinusDirectionalIndicator value for 30 day period with start date 1 September 2021

Notes

When +DI and -DI crossover, it indicates the possibility of a new trend

Assets

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