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Description |
Adx() returns an Average Directional Index. |
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Syntax |
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Parameters |
SERIES Use the SERIES parameter when you are referencing a study value. In chart windows, values are displayed in decimals. In quote windows, values are displayed in the units of the underlying instrument.
INPUT Use the INPUT parameter when you are referencing an overlay value.
periods The period parameter defines the number of bars to use in the calculation.
<shift> Optional. A number, positive or negative, enclosed in brackets defining the number of bars (periods) to shift the formula line. Typically used only in formulas that will be displayed in chart windows. |
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Return Value |
An Average Directional Index value. |
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Examples |
ADX_EX1(SERIES,PERIOD=9)=ADX(SERIES,PERIOD)
ADX_EX2(INPUT,PERIOD=9)=ADX(INPUT,PERIOD) |
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Comments |
Developed by J. Welles Wilder, the ADX was designed for use with the Directional Movement Index (DMI). If you use the ADX with the DMI, Wilder recommends using the same parameters in both studies. |
