Average Directional Movement Rating (ADXR)
The ADXR is the ADX indicator plus the ADX from n days ago divided by 2. Written as an equation, it looks like this: (current ADX + ADX n days ago) / 2.
The oscillator moves along a guiding line that typically has a value of 20. When the ADXR rises above 20, a trend exists. If the ADXR is below 20, no trend exists and the market is moving sideways. Welles Wilder recommends buying into the market at a value of 25 and higher, and holding the position as long as the value remains above 20.
ADXR(int interval, int period)
ADXR(IDataSeries inSeries, int interval, int period)
ADXR(int interval, int period)[int barsAgo]
ADXR(IDataSeries inSeries, int interval, int period)[int barsAgo]
When using this method with an index (e.g. ADXR(10, 14)[int barsAgo]), the value of the indicator will be outputted for the referenced bar.
inSeries Input data series for the indicator
The Interval between the first ADX value and the current ADX value
period Number of bars included in the calculation
//Output of the current value of the ADXR
Print("Value of the ADXR: " + ADXR(10, 14));