Average Directional Movement Index Rating (ADXR)
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    Average Directional Movement Index Rating (ADXR)

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    Article summary

    DXcharts powers DXtrade, DXfina, and FinCharts.
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    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.
    • DifferenceThe plot is displayed as a line which represents the difference between High and Low prices of the bar.
    • PointsThe plot is displayed as points.
    • Text above candleThe plot is displayed as the price labels above candles on the chart.
    • Text below candleThe plot is displayed as the price labels below candles on the chart.
    • Triangle above candleThe 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