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Average Directional Movement Index Rating (ADXR)
- DarkLight
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
INPUTS
Input | Description |
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Length | The number of periods the indicator uses to calculate the ADX and ADXR plots |
Average |
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The following Moving Average types are available for calculations:
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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.
Plot | Description |
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ADX | The Average Directional Movement Index plot |
ADXR | The Average Directional Movement Index Rating plot |
Color |
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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. To create a custom color:
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:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.