The Average Directional Movement Index Indicator evaluates the strength of the current upward or downward trend. Values are measured on a scale of zero to 100, but readings above 60 are rare. Low readings, below 20, indicate a weak trend and high readings, above 40, indicate a strong trend.
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Parameter |
Description |
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ADX |
The color of the line representing the Average Directional Movement Index. |
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-DI |
The color of the line representing the negative (downward movement) Directional Indicator. |
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+DI |
The color of the line representing the positive (upward movement) Directional Indicator. |
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Periods |
The number of rolling periods [e.g., Historical (days), Intraday (minutes, hours, etc.)] considered in the Average Directional Movement Index calculation. The default value is 14. |