ADX is a measure of Directional Movement. It indicates of the strength of a trend. It is measured from 0 to 100.
Syntax: ADX(Length, Smoothing, Interval, [Ref], [Symbol])
Length = Required. Number of intervals. (14, 21)
Smoothing = Required. Number of periods used in the DX calculated from +DI and -DI.
Interval = Required.
[Ref] = Optional.
[Symbol] = Optional.
Comments:
The ADX study in RavenQuote defaults to Length = 14 and Smoothing = 14
Examples:
ADX(10, 5, D, YHOO)
Gives the ADX line for 10 days, with smoothing of 5 days, for the symbol Yahoo.
ADX(24,5,15)
Gives the ADX line for 24 15-minute bars, smoothed by 5 minutes.