Keyword Description
ADX (Wilder)
Class
Indicator
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
l |
l |
l |
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Syntax
DMI_ADX[n]
Where n is an integer representing the number of days in the study.
Example
Sample code
COL2 = DMI_ADX[30]
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Directional Indicators ( -DI, +DI, DX, ADX) ADX, or average Directional Movement Index, is defined as: ADX = ADX(yesterday) +.07 * [DX(today) - ADX(yesterday)] These indicators were designed and popularized by Welles Wilder and are calculated exactly as he specified. Other software products use their own calculation methods. The calculations for them are fairly involved and are explained in his "New Concepts in Technical Analysis" |
