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ADXR for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, amibroker
Average Directional Movement Rating quantifies momentum change in the ADX. It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX. The interpretation is the same as the ADX; the higher the value, the stronger the trend.
Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("ADXR");
periods = Param("Periods", 14, 2, 300, 1);
ADXR = ( ADX(Periods) + Ref(ADX(Periods), -Periods) )/2;
Color = ParamColor("Color", colorCycle);
Style = ParamStyle("Style");
Plot(ADXR, _DEFAULT_NAME(), Color, Style);
_SECTION_END();0 comments
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