Description
The Average Directional Index Rating (ADXR) is a smoothed out version of a regular ADX curve. It is calculated as arithmetical mean of the ADX and its value several bars before. The number of bars used to find the past ADX value is equal to ADX period.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the ADX. |
|
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
ADX
|
The plain ADX plot. |
ADXR
|
The Average Directional Index Rating plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.