Technical indicator Average Directionnal Index, usually known as ADX.
Calculation:
We first calculate +DM and -DM (the directional movement) , the number of points obtained in a direction. We apply a wilder moving average on +DM and -DM to calculate +DI and -DI. Then we calculate DX.
Dx = 100 x ((+DI) – (-DI)) / ((+DI) + (-DI)).
Finally to obtain ADX we apply again a wilder moving average on DX.
Syntax :
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//N as Number of periods for calculation ADX[N] |
Indicator Average Directional Index Rate, also known as “ADXR”. Compute with N periods :
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ADXR[N] |
ADXR formula : ADXR = (ADX + ADX[n]) / 2
Calculation of ADX :
We first calculate +DM and -DM (the directional movement) , the number of points obtained in a direction. We apply a wilder moving average on +DM and -DM to calculate +DI and -DI. Then we calculate DX.
Dx = 100 x ((+DI) – (-DI)) / ((+DI) + (-DI)).
Finally to obtain ADX we apply again a wilder moving average on DX.
“AND” is the logical operator used to add different functions in the same expression.
Example:
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myRSIvalue = RSI[14](Close) myValueCondition = 50 if(myRSIvalue > myValueCondition AND myRSIvalue[1] < myValueCondition) THEN SIGNAL = 1 ELSE SIGNAL = 0 ENDIF RETURN SIGNAL |
Call of technical indicator Aroon for its Down value over N periods.
Syntax:
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AroonDown[N] |
Calculation:
The indicator is composed of 2 lines, Aroon Up and Down that represent the number of days since the most recent x-period high for Aroon Up and x-period low for Aroon Down.
For example, if a stock market makes a new x-day high, the Aroon Up = 100; On the other hand, if a stock has not made a new high for x days, the Aroon Up = 0.
Call of technical indicator Aroon for its Up value over N periods.
Syntax:
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1 |
AroonUp[N] |
Calculation:
The indicator is composed of 2 lines, Aroon Up and Down that represent the number of days since the most recent x-period high for Aroon Up and x-period low for Aroon Down.
For example, if a stock market makes a new x-day high, the Aroon Up = 100; On the other hand, if a stock has not made a new high for x days, the Aroon Up = 0.
ArrayMax
ProRealTime v11Returns the maximum value contained in an array.
Syntax:
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ArrayMax($MyArray) |
ArrayMin ProRealTime v11Returns the minimal value contained in an array.
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ArrayMin($MyArray) |
Instruction used to name a line or indicator displayed on chart. Used with “RETURN”.
Example:
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RETURN indicatorValue AS "Name of my Indicator" |
ADX
AND
ASIN
