概要信息：

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DMI指标详解及实战用法
DMI indicator explanation and practical usage 
马丁·普林(Martin spring) 
 
DMI指标通常不被用来直接指导买卖，仅作为一种趋势判断的工具。如果一定要用它来指
导买卖，可于+DI上穿-DI时买入，-DI上穿+DI时卖出。
DMI indicators do not usually be used to guide the business, just as a kind of trend. If you must 
use it to guide the business, can be worn on the + DI - DI when buying, wear & sell + DI - DI. 
DMI指标能够准确的反应行情的走势及更好的预测行情以及未来的发展变化。在应用时，
DMI指标的研判主要集中在两个方面：一方面是分析上升指标+DI、下降指标－DI和平均动
向指标 ADX之间的关系；另一方面是对行情的趋势及转势特征的判断，其中，+DI和－
DI两条曲线的走势关系是判断能否买卖的信号，ADX则是判断未来行情发展趋势的信号。
DMI indicator can accurate reflection of market trends and better predict market changes and 
the development of the future. In application, DMI indicator analysis are mainly concentrated in 
two aspects: on the one hand is to analyze the rising index + DI, drop index - DI and the 
relationship between the average trend indicators ADX; On the other hand is to reverse the 
trend and characteristics of judgment, among them, + and DI - DI two the shape of the curve 
relationship is judge whether to buy or sell signal, ADX is determine the future market 
development trend of the signal. 
一、DMI指标的上升动向指标+DI和下降动向指标－DI的研判
A rising trend, DMI indicator index + DI and falling trend index - DI assessments 
1、当股价走势向上发展时，同时+DI从下向上突破－DI，表明市场上做多力量在加强，为
买入信号。如果伴随 ADX上升，则预示股价的涨势可能更强劲。
1, when the share price up development, at the same time + DI breakthroughs from the bottom 
up - DI, suggests that the market do more strength to strengthen, to "buy" signal. If accompanied 
by rising ADX, predict stock price gains may be more strong. 
2、当股价走势向下发展时，同时－DI从上向下突破+DI，表明市场上做空力量在加强，为
卖出信号。如果伴随 ADX下降，则预示股价的跌势将加剧。
2, when the share price down development, at the same time - DI down from breakthrough + DI, 
shorting suggests that the market power to strengthen, as a sell signal. If the ADX loss forecast 
increased share price declines. 
3、当股价维持某种上升或下降行情时，+DI和－DI的交叉突破信号比较准确；当股价维持
盘整时，+DI和－DI交叉发出的买卖信号应视为无效。
3, when the stock price to maintain a rising or falling prices, + and DI - DI crossover break through 
the signal more accurately; When stock prices consolidate, + and DI - DI cross to buy and sell 
signals shall be regarded as invalid. 
二、DMI指标的平均动向指标 ADX的研判
Second, the average trend of DMI indicator index ADX assessments 
1、判断行情趋势
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1, judge the trend of market 
当行情走势向上发展时，ADX值会不断递增。因此，当 ADX值高于前一日时，可以判断当
前市场行情仍在维持原有的上升趋势，即股价将继续上涨。如果+DI和－DI同时增加，则
表明当前上升趋势将十分强劲。
When the market moves upward development, ADX value will be constantly increasing. 
Therefore, when the ADX value higher than the day before, can be judged in the current market 
still maintain the original rising trend, the stock price will continue to rise. If + DI DI and increase 
at the same time, indicates the current upward trend will be very strong. 
当行情走势向下发展时，ADX值会不断递减。因此，当 ADX值低于前一日时，可以判断当
前市场行情仍维持原有的下降趋势，即股价将继续下跌。如果+DI和－DI同时减少，则表
示当前的跌势将延续。
When the market moves downwards, ADX value will continue to decline. Therefore, when the 
ADX value is lower than the previous day, can determine the current market still maintain the 
original downward trend, the price will continue to fall. If + DI DI and reduce at the same time, 
the current decline will continue. 
2、判断行情是否盘整
2, to determine whether a market correction 
当市场行情在一定区域内小幅横盘盘整时，ADX值会出现递减情况。当 ADX值降至 20以
下，且呈横向窄幅移动时，可以判断行情为牛皮盘整，上升或下跌趋势不明朗，投资者应
以观望为主，不可依据+DI和－DI的交叉信号来买卖股票。
When the market in a certain area slightly sideways consolidation, ADX value decline would 
happen. When the ADX value dropped below 20, and a transverse narrow moves, can determine 
prices for leather consolidation, rising or falling trend uncertain, investors should give priority to 
with watching, not based on + and DI - DI cross signals to buy or sell stocks. 
3、判断行情是否转势
3, whether the market potential 
当 ADX值在 50以上忽然拐头向下时，此时不论股价涨跌，都有一波相反的行情出现。在
极端市场中，也会出现失误，应引起重视。
When the ADX value above 50 suddenly turn head down, regardless of stock market, at this time 
there is a wave instead of quotation. In extreme markets, also can appear error, should be taken 
into consideration seriously. 
三、DMI指标的特殊分析方法
Third, DMI indicator of special analysis method 
1、当+DI同时在 ADX和 ADXR及－DI以下时（特别是在 50线以下的位置），说明市场处
于极度弱市之中，股市向下运行的趋势还没有改变，股价可能还要下跌，投资者应持币观
望或逢高卖出股票为主，不可轻易买入股票。这点是 DMI指标研判的重点。
1, when + DI under ADX and ADXR and DI - at the same time (especially under 50 line location), 
suggests that the market is in extremely weak, and the stock market run downward trend has 
not changed, may also fall in share prices, investors should hold cash or higher selling is given 
priority to, do not easily to buy stocks. This is the key of the DMI indicator analysis. 
2、当+DI和－DI同处 50以下时，如果+DI快速向上突破－DI，预示新的主力已进场，股价
短期内将大涨。如果伴随大的成交量放出，更能确认行情将向上，投资者应迅速短线买入
股票。
2, when + and DI - DI together in under 50, if + fast upward breakthrough DI - DI, indicated that 
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the new main force has enter the arena, share prices in the short term will rally. If accompanied 
by large volume, more can confirm the quotation will be upward, investors should be rapid 
short-term buying stocks. 
3 、当－DI从下向上突破+DI时，此时不论+DI和－DI处在什么位置都预示新的空头进场，
股价将下跌，投资者应短线卖出股票或以持币观望为主。
3, when + DI - DI breakthrough from the bottom up, at this point position no matter what + and 
DI - DI in short indicated that the new approach, stock prices will fall, investors should sell short 
stocks or give priority to with money to the sidelines. 
4、当+DI、－DI、ADX和 ADXR四线同时在 50以下绞合在一起窄幅横向运动，说明市场处
于波澜不兴，股价处于横向整理之中，此时投资者应以持币观望为主。
4, when + DI, DI, ADX and ADXR four wire under 50 twisted together at the same time narrow 
lateral movement of the market in resigned, shares under horizontal finishing, investors should 
be given priority to with money to the sidelines. 
5、当+DI、ADX和 ADXR三线同时在 50以下的位置，而此时三条线都快速向上发散，说明
市场人气旺盛，股价处在上涨走势之中，投资者可逢低买入或持股待涨（在这里，因为－
DI是下降方向线，其对上涨走势反应不灵，故不予以考虑）。
5, when + DI, ADX and ADXR three lines below 50 position at the same time, while the three lines 
are quickly spread upward, reflecting the popular market, share prices in a rising trend, investors 
can buy on dips or shareholding stay up (here because - DI is down direction line, its response to 
the rising trend is ineffective, so don't be considered). 
四、DMI指标的实战技巧
Fourth, DMI indicator of actual combat skills 
（一）买入卖出功能
(a) function when buying and selling 
1、当 DMI指标中的＋DI、－DI、ADX和 ADXR四条曲线在 20附近一段狭小的区域内作窄
幅盘整时，如果＋DI先后向上突破－DI、ADX、ADXR，同时股价也带量向上突破中长期均
线，则意味着市场上多头主力比较强大，股价短期内将进入强势拉升阶段，这是 DMI指标
发出的强势买入信号。[火箭升空]
1, when the DMI indicator of + DI, DI, ADX and ADXR four curves in 20 near a narrow area as a 
narrow consolidation, if + DI successively upward breakthrough - DI, ADX, ADXR, shares also 
bring up above long-term averages, means that the bull market main force is powerful, share 
prices in the short term will enter a strong pull up stage, this is a strong buy signal from the DMI 
indicator. [rocket] 
2、当 DMI指标中的＋DI、－DI、ADX和 ADXR四条曲线在 20附近这一段区域内作窄幅整
理时，如果－DI先后向上突破＋DI、ADX、ADXR，同时股价也向下跌破中长期均线，则意
味着市场上空头主力比较强大，股价短期内还将继续下跌，这是 DMI指标发出的卖出信号。
[空中**]
2, when the DMI indicator of + DI, DI, ADX and ADXR four curve in this area near 20 over a 
narrow arrangement, if DI successively upward breakthrough + DI, ADX, ADXR, stock price also 
down below their long-term average, means that the main short is stronger on the market, stock 
prices in the short term will also continue to fall, this is a sell signal from DMI indicator. [* *] air 
3、当 DMI指标中的 ADX在 50以上忽然拐头向下，一般表示股价的持续运行趋势发生转折。
通常 ADX由高处回落会下降至 20左右，但在特殊情况下，ADX仅下降至 40-60之间，随即
再度回头上升，它经常是大行情来临的前兆。这种情况经常会出现在一些疯涨的大黑马拉
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升前的洗盘阶段，此时仅凭 DMI指标判断是困难的，必须结合平均线和均量线加以研判。
如在+DI>-DI且 ADX在 50以上拐头时卖出所持股票，在发生 ADX 再度回头上升后可在
ADX>ADXR反身时追入，以免错过后续的大行情。[半空翻身]
3, when the DMI indicator of ADX suddenly turn head down, in more than 50 general said the 
share price trend of continuous running change. Usually ADX from high drop drops to 20 or so, 
but under special circumstances, ADX only dropped to between 40 to 60, then back up again, it is 
often the forerunners of the big market. This often can appear in some soaring big black horse 
rises wash dish in front of the stage, DMI indicator to judge alone is difficult, at this time must be 
combined with the average and the average line to read them. As in + DI > - DI ADX turn over 50 
head sell holdings, after rising in ADX back again to ADX > ADXR chased into reverse, so as not to 
miss the subsequent big market. [half empty turn] 
（二）持股持币功能
(2) holding cash 
1、当 DMI指标中的＋DI分别向上突破－DI、ADX、ADXR后，一直在这三条曲线上运行，
同时股价也依托中长期均线向上扬升，则意味着市场上多头力量依然占据优势，股价还将
上涨，这是 DMI指标比较明显的持股信号。只要＋DI没有向下跌破－DI、ADX、ADXR这三
条曲线中的任何一条，投资者就可以坚决持股待涨。
1, when the DMI index of + DI upward breakthrough - DI, ADX, ADXR respectively, have been run 
on these three curves, also depends on the long-term average share price to rise up, means that 
the bull power is still dominant on the market, share prices will rise, this is DMI indicator signal of 
shareholding is more noticeable. As long as + DI not down below - DI, ADX, ADXR any of these 
three curves, an investor can stay firmly holding up. 
2、当 DMI指标中的＋DI分别向上突破－DI、ADX、ADXR后，如果经过一段时间的高位盘
整，＋DI向下跌破 ADX但在 ADXR处获得支撑，并重新调头上行，同时股价也在中期均线
附近获得支撑，则表明市场强势依旧，股价还将上扬。这也是 DMI指标的持股信号，投资
者还可以短线持股待涨。但是，也要防止主力骗线。
2, when the DMI index of + DI upward breakthrough - DI, ADX, ADXR, if after a period of high 
consolidation, + DI down below ADX but at ADXR supported, and back again upward, shares also 
supported near the medium-term average, suggests that the market remains strong, share prices 
will rise. This is DMI indicator signal of ownership, investors can also stay up short-term 
ownership. But, also want to prevent the main line. 
3、当 DMI指标中的＋DI向下跌破－DI、ADX、ADXR后，如果一直运行在这三条线下方，
并且在 20以下区域作水平或向下运动，同时股价也被中长期均线压制而下行时，则意味着
市场上空头力量占绝对优势，股价将继续下跌，这是 DMI指标比较明显的持币信号。只要
＋DI没有向上突破－DI、ADX、ADXR这三条曲线中的任何一条，投资者就应坚决持币观望。
3, when the DMI indicator of + DI down below - DI, ADX, ADXR, if has been run in the three 
offline, and in the following 20 regional level or downward movement, at the same time, long-
term average share price has also been suppressed and downward, means that the short power 
accounts for absolute advantage on the market, share prices will continue to fall, this is the cash 
DMI index obvious signal. As long as + no upward breakthrough DI - DI, ADX, ADXR any of these 
three curves, investors should be resolutely money to the sidelines. 
DMI动向指标的妙用
The use of DMI trend indicators 
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基本原理是买卖双方力量的均衡点和价格在双方互动下波动循环的过程。+DI与-DI分别表
示涨与跌的动向变动值，当+DI上升时则说明市场内的买盘力量在释放，反则亦然，假设
股价持续上涨，那么+DI动向线不断上行，-DI动向线也持续下滑，反之亦然，这实际是场
内多空双方买卖力量对比结果在该指标走势上及时明显的反映，准确有效地指导着投资者，
给以明确的信号，而且是可以信赖的。
Basic principle is the equilibrium of forces between the buyer and seller and price fluctuation 
under mutual circulation process. + and DI - DI, respectively, up and down movements change 
value when + DI rise shows in the market buying power in the release, the versa, assuming that 
share prices continue to rise, then + DI trend line rising, - DI trend lines also continues to decline, 
and vice versa, it is based on the long-short both buying and selling power contrast result shows 
that on the movements of the index in time accurately and effectively guide the investors, given 
the clear signal, and can be trusted. 
　　在大盘或者个股走势上，当 DMI指标的+DI上升至 54以上，-DI下降至 10以下时是处
于明显的上升态势之中，当+DI不断上升至 70以上时，-DI下落至 5以下时，场内多方力
量已经接近尽头，空方力量随时有释放可能，此时注意减磅出局。比如大盘指数在
2007年 6月 25日和 2008年 2月 15日时该指标已接近这个数值，告诉投资者预示回调在
即；当-DI上升至 60以上，+DI下降至 10以下时，则预示大盘或个股的调整接近尾声，可
以逐步吸筹建仓。比如 1999年 4月 29日至 5月 18日，大盘的动向指标一直在发出买出
信号，结果“5.19”行情爆发。那么若用在个股上，也是比比皆是，投资者可以对照分析
使用，效果一定不负厚望。
On the market or go situation, when the DMI indicator of + DI rose to more than 54, - DI dropped 
to 10 below is in the midst of an obvious rise, when + DI rising to more than 70 - DI falling below 
5, internal force close to the end, has already empty power release may at any time, pay 
attention to shake out at this time. Such as the index in June 25, 2007 and 2007 on February 15, 
when the index is close to this value, told investors predict the callback in sight; When - DI risen 
to more than 60 + DI dropped to 10, while the market or the adjustment of individual stocks to a 
close, can absorb the preparation step by step. In 1999, for example, on April 29 to May 18, the 
market trend indicators have been a buy out signals, the "5.19" market. If use on individual 
stocks, also abound, investors can use contrast analysis, the effect of certain companies.