Contents x
    Average Directional Movement Index Rating (ADXR)
      • Dark
        Light
      Contents

      Average Directional Movement Index Rating (ADXR)

        • Dark
          Light
        Article summary

        Average Directional Movement Index Rating (ADXR) is an indicator that reflects strengthening and weakening of a trend. ADXR uses the smoothed out Average Directional Movement Index (ADX) for calculation: it takes the average value of the current ADX and the ADX value n-periods ago.

        ADXR = (ADX + ADXn) / 2

        where:
        ADX – the Average Directional Movement Index value calculated for the current period
        n – the number of periods

        Average Directional Movement Index RatingAverage Directional Movement Index Rating

        INPUTS

        InputDescription
        LengthThe number of periods the indicator uses to calculate the ADX and ADXR plots
        Average
        The following Moving Average types are available for calculations:
        • Simple. Simple Moving Average (SMA) is applied to ADX.
        • Wilders. Wilders Smoothing is applied to ADX.
        • Weighted. Weighted Moving Average (WMA) is applied to ADX.
        • Exponential. Exponential Moving Average (EMA) is applied to ADX.

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        ADXThe Average Directional Movement Index plot
        ADXR
        		The Average Directional Movement Index Rating plot
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
        What's Next