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Indicator-A-Day
 24. Volume Breakdown
 23. PriceTime Cycles
 22. Trend Intensity Index
 21.
Bollinger Bands
 20.
Balance of Power
 19. RSI
 18.
Fib Retracements
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 16.
CCI
 15. ADXR
 14.
ADX
 13.
DI+ / DI-
 12.
True Range
 11.
Stochastics
 10. Statistics

   9. TLB Oscillator
   8. Weighted MA
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   6. Moving Average
   5. Regression Review
   4. Reg Acceleration
   3. Regression Slope
   2. Regression Bands
   1. Linear Regression

 

Investor/RT Tour ( more on Technical Indicators )
ADXR (Directional Movement Rating)
The Formula . . . 

. . .more on Formulas 

ADXRi = (ADXi + ADX(i - n)) / 2
    
where n = ADXR Interval

See Also:  ADX
See Also: +DI DI- : Directional Indicator
See Also: TR : True Range

 
The Presentation . . . 

. . . more on Charts 

ADXR Chart

Above is a Daily Chart of Brooks Automation Inc. (BRKS).  The middle pane shows the ADXR line in black, along with the ADX line in blue.  In the lower pane, the directional indicator has the DI+ line in green and the DI- line in red.

 
The Preferences . . . 

. . . more on Preferences 

ADXR Preferences

  • DX Period - Period used in computing the DX

  • ADXR Interval - Used to average current ADX value with ADX value n periods back to get the ADXR

  • Smoothing Period - Used to apply a Welles Wilder Smoothing to the DX, which results in the ADX value

  • Line Color - Color of the ADXR line in the chart

 
The Description . . .
Average Directional Movement Rating quantifies momentum change in the ADX. It is calculated by adding two values of ADX (the current value and a value n periods back), then dividing by two. This additional smoothing makes the ADXR slightly less responsive than ADX. The interpretation is the same as the ADX; the higher the value, the stronger the trend.

The ADXR, being a smoothed version of ADX, and can be used similarly to the ADX in the three rule system discussed on the ADX section..

The ADXR is a measure of the spread between the Directional Indicators (+DI and -DI). When the ADXR is declining, it's not advised to use a trend following system.  However, a rising ADXR signals that the dominant trend is likely to continue.

A rising ADXR, with both the ADXR and DI+ above the D- indicates a strengthening bullish market.  The scan syntax needed to represent this condition would be...

ADXR > DIMINUS AND DIPLUS > DIMINUS AND ADXR > ADXR.1

A rising ADXR, with both the ADXR and DI- above DI+ indicates a strengthening bearish trend.  The scan syntax needed to represent this condition would be...

ADXR > DIPLUS AND DIMINUS > DIPLUS AND ADXR > ADXR.1

If the ADXR has been below both DI+ and DI- but has begun to rise a new market trend is emerging.  The scan syntax needed to represent this condition would be...

ADXR < DIPLUS AND ADXR < DIMINUS AND ADXR > ADXR.1
 

RTL Tokens . . . ADXR ( more )

ADXR can be accessed in the RTL language using the token ADXR.
 

Keyboard Adjustment . . .
The DX Period, the Smoothing Period, and the ADXR Period all can be adjusted directly from they keyboard without opening up the preference window.  First, select the indicator, then use the up and down arrow keys to adjust the DX Period up or down by one.  To adjust the Smoothing Period, hold down the ctrl-key while hitting the up and down arrows on your keyboard.  To adjust the ADXR Period, hold down the shift-key while hitting the up and down arrows on your keyboard.  For more information on technical indicator adjustment, click here.
 
User Strategies . . . 
If you have a User Strategy you'd like to share, please email to support@linnsoft.com  
      03/15/02
    
  Coming Soon . . .