PINE LIBRARY
adx: Configurable ADX (library)
Library "adx"
Calculate ADX (and its constituent parts +DI, -DI, ATR),
using different moving averages and periods.
adx(atrMA, diMA, adxMA, atrLen, diLen, adxLen, h, l, c)
Parameters:
atrMA: Moving Average used for calculating the Average True Range.
Traditionally RMA, but using SMA here and in adxMA gives good results too.
diMA: Moving Average used for calculating the Directional Index.
Traditionally, RMA.
adxMA: Moving Average used for calculating the Average Directional
Index. Traditionally RMA, but using SMA here and in atrMA gives good results
too.
atrLen: Length of the Average True Range.
diLen: Length of the Directional Index.
adxLen: Length (smoothing) of the Average Directional Index.
h: Candle's high.
l: Candle's low.
c: Candle's close.
Returns: [ATR, +DI, -DI, ADX]
Calculate ADX (and its constituent parts +DI, -DI, ATR),
using different moving averages and periods.
adx(atrMA, diMA, adxMA, atrLen, diLen, adxLen, h, l, c)
Parameters:
atrMA: Moving Average used for calculating the Average True Range.
Traditionally RMA, but using SMA here and in adxMA gives good results too.
diMA: Moving Average used for calculating the Directional Index.
Traditionally, RMA.
adxMA: Moving Average used for calculating the Average Directional
Index. Traditionally RMA, but using SMA here and in atrMA gives good results
too.
atrLen: Length of the Average True Range.
diLen: Length of the Directional Index.
adxLen: Length (smoothing) of the Average Directional Index.
h: Candle's high.
l: Candle's low.
c: Candle's close.
Returns: [ATR, +DI, -DI, ADX]
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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