Description
The Average Directional Index (ADX) is calculated as a moving average of the directional index (see the Directional Movement Index article for details). ADX is used for trend strength evaluation. High ADX values might indicate that the market is trending, while low values are considered to signify weak trend or non-trending conditions.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the average. |
|
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
ADX
|
The ADX plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.