MarketXLS

Plus Directional Indicator

Live
Returns the Plus Directional Indicator, used to determine uptrends.

How calculated

Smoothed Positive directional movement/Average True Range

Example usage

=PlusDirectionalIndicator("MSFT") - Returns PlusDirectionalindicator value for 14 day period
=PlusDirectionalIndicator("MSFT",30) - Returns PlusDirectionalindicator value for 30 day period
=PlusDirectionalIndicator("MSFT",30,"9/1/2022") - Returns PlusDirectionalindicator value for 30 day period with start date 1 September 2022

Notes

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

Assets

Stocks, ETFs, Mutual Funds, Currencies, Cryptocurrencies