What is the average directional index (ADX)?

The average directional index (ADX) is a technical analysis indicator used by some traders to determine the strength of a trend . The trend can be either up or down, and this is shown by two accompanying indicators, the negative directional indicator (-DI) and the positive directional indicator (+DI).

What is adX indicator?

ADX has become a widely used indicator for technical analysts, and is provided as a standard in collections of indicators offered by various trading platforms. The ADX is a combination of two other indicators developed by Wilder, the positive directional indicator (abbreviated +DI) and negative directional indicator (-DI).

How do I delete the ADX indicator?

There are also parts of the indicator that were built into the original trading system but use the +DI and -DI calculations. However, forex traders typically only use the ADX indicator itself, ao the green and the red lines are often deleted. The easiest way to do this is to right-click on the chart and select the ‘Indicators List’ menu.

How is adX calculated?

The ADX line is calculated by smoothing the DX values to produce the ADX line on the chart. The formula to calculate the final ADX value is an intricate process. Still, it effectively provides a single line, typically plotted alongside the +DI and -DI, to indicate how strong or weak a trend is.