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ADXR for Amibroker (AFL)

3 / 5 (Votes 3)
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

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);



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