RightEdge - The Ultimate Backtesting and Trading System Development Platform

ADXR Indicator

This set of indicators, called the Directional Movement system, include DI+, DI-, DX, ADX and ADXR. These indicators were developed by Welles Wilder in his book "New Concepts in Technical Trading Systems".   Directional Index (DX) combines the DI+ and DI- to measure the strength of a trend. The stronger the trend, the further the spread between the DI+ and DI- trend lines.

ADXR is an average, or smoothed version of ADX.  This version may cause less whipsaw triggers, but a more lagged response.

 

See Also

ADXR Developer Help

ADX Indicator

DI+ Indicator

DI- Indicator