Description
The ADX Crossover study finds where the Average Directional Index (ADX) crosses a specified level. Values of ADX higher than this level are supposed to signify a strong trend (of either direction), while lower values indicate a weak trend.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the ADX. |
crossing type
|
Defines upon which event the signal is issued: ADX crossing above or below the threshold level. |
threshold
|
The threshold level. |
average type
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
signal
|
The ADX Crossover plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.