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ADX()

Definition Average directional index. Developed by J. Welles Wilder, the ADX was designed for use with the DMI. If you use the ADX with the DMI, Wilder recommends using the same parameters in both studies.

Syntax images/aspen00000232.gif

Formula images/aspen00000233.gif

images/aspen00000234.gif

Where:

+DI = current positive DIO

-DI = current negative DIO

DX = current DX

Parameters SERIES
Required if the formula name declares the SERIES parameter.

INPUT
Required if the formula name declares the INPUT parameter.

PERIOD
Required if the formula name declares the PERIOD parameter.

Examples ADX_EX1(SERIES,PERIOD=9)=ADX(SERIES,PERIOD)

ADX_EX2(INPUT,PERIOD=9)=ADX(INPUT,PERIOD)

See also: Average Directional Movement Index Study