Description
ADXR stands for Average Directional Movement Index Rating. ADXR is a component of the Directional Movement System developed by Welles Wilder. This system attempts to measure the strength of a price movement in positive and negative directions, as well as the overall strength of the trend. The Average Directional Movement Rating quantifies the change of momentum in the ADX (Average Directional Index). It is calculated by adding two values of ADX (the current value and a value n periods back) and then dividing by two:
ADXR = (ADX + ADX N periods ago) / 2
u
qualitiedx2
Joined on 30.09.2011
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: ADXR.algo
- Rating: 5
- Installs: 8093
Note that publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section, please use the Copyright Infringement Notification form to submit a claim.
Comments
Log in to add a comment.
No comments found.