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Functions by Category Functions by Alphabetical list
The ADX is part of directional movement developed by Welles Wider. The ADX indicator is used to determine the strength and direction of a trend. This indicator consists of three components, the ADX line, DI+ and the DI- line which all range between 1 and 100. The ADX line shows the strength of the trend: with a high value showing strength while a low value shows weakness. An ADX line value of 25 or greater shows that the instrument is trending. The DI+ and DI- lines show the direction of the trend. If the value for DI+ line is greater than the value for the DI- line, then the instrument is on an upward trend, otherwise the instrument is trending lower.
The DI+ and DI- lines can also be used as crossover points. The default value for this indicator is 14.
This indicator returns the ADX line in scalar context, in list context returns the columns ADX line, DI+ and DI- line. Examples: Today(ADX(14)); #scalar context - returns the value of the 14 bar ADX line
my ($adx,$plus,$minus)=ADX(22);#list context - returns the columns ADX line, DI+ and DI-
Related functions: ATR , BB , CCI , MFI , OBV , RSI , SS , ROC , RS , Range , Envelope , DEMA , MACD , TypicalPrice , MedianPrice , WeightedClose , Momentum , WilliamsR , Performance , Percent , TrueRange , Volatility , PivotPoint , MoneyFlow , StaDev , AveDev , Variance , Skewness , Kurtosis , LongWhite , LongBlack , PiercingLine , BullishEngulfing , BearishEngulfing , HammerHanging , ThreeWhiteSoldiers , ThreeBlackCrows , DarkCloudCover , Doji , LinearReg , LinearRegAngle , LinearRegIntercept , LinearRegSlope , TSF , Correl
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