Average Directional Index (ADX)

Namespace: OpenQuant.API.Indicators
Assembly: OpenQuant.API (in OpenQuant.API.dll)

Syntax

Visual Basic (Declaration)
Public Class ADX Inherits Indicator

C#
public class ADX : Indicator

C++
ref class ADX : Indicator

J#
public class ADX extends Indicator

JScript
public class ADX extends Indicator

Remarks

The Average Directional Index was specifically designed for use with the Directional Movement System. The ADX measures the strength of a prevailing trend as well as whether movement exists in the market. A low ADX value (generally less than 20) can indicate a non-trending market with low volatility whereas a cross above 20 may signal the start of a trend (either up or down). If the ADX is over 40 and begins to fall, it can signal a slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator.

Note, that there are two styles of indicator ADX. Some trading systems use the formula (which is a little bit distinguished from classical) for calculation of this indicator. Therefore Quant Studio gives an opportunity to use two styles ADX - classical (QuantStudio style) and little bit changed (MetaStock style.)

ADX has QuantStudio style by Default.

Formula for Quant Studio (classical) style:

Inheritance Hierarchy

System.Object
OpenQuant.API.Indicator
OpenQuant.API.Indicators.ADX

Thread Safety

Public static (Shared in Visual Basic)staticShared members of this type are safe for multithreaded operations. Instance members are not guaranteed to be thread-safe.

Syntax

Remarks

Inheritance Hierarchy

Thread Safety

See Also