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RE: Steemit Crypto Academy Season 3-Week 7 | Trading Crypto With Average Directional Index (ADX) Indicator
Hello professor,
I'm having a hard time calculating ADX. Is the following data sufficient to calculate ADX?
DI+ = 0.714
DI- =0.142
Period:14
You can complete the last operations to find the value of ADX indicator in easier way
Calculate Directional Movement Index (DX). It equals the absolute value of +DI14 minus -DI14 divided by the sum of +DI14 and – DI14. It is also expressed in % terms.
Calculate Average directional index (ADX). It is the 14 period moving average of DX.
Thank you very much. A bit complicated. :)