ADX Indicator Code

• 11/13/2018 at 7:00 AM #84740
  roos

  Hi PRT, I was wondering if it is possible to see and play around with the default code on an indicator in ProBuilder – I am keen to see the exact logic and how it has been coded. For example I was wanting to see what the code behind your default ADX indicator is please?

  Thanks

  

  roos

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  11/13/2018 at 4:55 PM #84774
  Nicolas

  The ADX code is available as an example in the platform, here it is:

  p=14 REM Let's compute +DM & -DM plusDM = max(high-high[1], 0) minusDM = max(low[1]-low, 0) IF plusDM > minusDM THEN minusDM = 0 ENDIF IF plusDM < minusDM THEN plusDM = 0 ENDIF IF plusDM = minusDM THEN plusDM = 0 minusDM = 0 ENDIF REM Let's compute the directional indicators plusDI = wilderAverage[p](plusDM) minusDI = wilderAverage[p](minusDM) REM Let's compute the ADX indicator DX = ABS(plusDI - minusDI) / (plusDI + minusDI) * 100 myADX = wilderAverage[p](DX) RETURN myADX as "ADX", 25

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  p=14   REM Let's compute +DM & -DM   plusDM = max(high-high[1], 0) minusDM = max(low[1]-low, 0)   IF plusDM > minusDM THEN minusDM = 0 ENDIF   IF plusDM < minusDM THEN plusDM = 0 ENDIF   IF plusDM = minusDM THEN plusDM = 0 minusDM = 0 ENDIF   REM Let's compute the directional indicators   plusDI = wilderAverage[p](plusDM) minusDI = wilderAverage[p](minusDM)   REM Let's compute the ADX indicator   DX = ABS(plusDI - minusDI) / (plusDI + minusDI) * 100 myADX = wilderAverage[p](DX)   RETURN  myADX as "ADX", 25

   

  

  Nicolas

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