Registered User
Joined: 11/16/2015
Posts: 105
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ADX indicator average directional index movement plot chart DI+ DI- information
There are another indicator included in this formula I'm not that I'm looking at it's called the ADXR
And the video link that I posted down below I hook up this indicator but I got Fraulein which line don't I need or is it changed since his video with posted
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The TC2000 v7 software used to create the video does not have the ADXR line while the newer TC2000 v17 does have the ADXR line. The ADX indicator in TC2000 v7 has ADX, +DI and -DI all as part of the same indicator. TC2000 v17 has an ADX indicator with ADX and ADXR and a Directional Movement indicator with +DI and -DI.
The ADXR line is the Average Directional Movement Index Rating. It is a type of moving average of the raw ADX value that adds together the current value and the value from a number of bars ago equal to the ADXR period and divides the result by 2.
The trainers can't give indicator, setting, interpretation or investment advice, but you can look for crosses between the ADX and ADXR lines. Wilder (who devolped the indicator) suggested not using a trend following system such as Directional Movement when ADXR is below 20 (not in a trend) and that a trend following system is only really useful when ADXR is above 25 (is in a trend).
The ADX and ADXR lines represent the trend strength. The +DI line represents upward movement strength and the -DI line represents downward movement strength.
-Bruce
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Registered User
Joined: 11/16/2015
Posts: 105
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There's 4 total lines. I know that video has 3 so I'm wondering what I should do. Have to watch some other videos. Do you know of any other videos on tc 2000 up bout that?
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Administration
Joined: 9/30/2004
Posts: 9,187
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I would just Google ADX or Directional Movement. You'll find a lot of helpful information since those indicators are available on most platforms.
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