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ADX

Type: adx • Category: indicators

Description​

Average Directional Movement Index

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringList of closing pricesno
timeperiodnumberno14

Help​

ADX (Average Directional Movement Index)

Overview​

The ADX (Average Directional Movement Index) worker is an indicator used in financial markets to measure the strength of a trend. It is a popular technical analysis tool that helps traders determine whether a market is trending or not.

Description​

The Average Directional Movement Index (ADX) is a technical indicator that measures the strength of a trend by plotting the average directional movement index. The ADX is a non-directional indicator that ranges from 0 to 100. A high ADX value indicates a strong trend, while a low ADX value indicates a weak or absent trend.

What does this worker do?​

This worker calculates the Average Directional Movement Index (ADX) for a given set of high, low, and close prices over a specified time period. The ADX value is then returned as output.

How to interpret the results​

The ADX value can be interpreted as follows:

  • A high ADX value (> 25) indicates a strong trend.
  • A low ADX value (< 20) indicates a weak or absent trend.
  • A ADX value between 20 and 25 indicates a neutral trend.

Parameters​

The following parameters are required to calculate the ADX:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Parameters List​

  • high: string - List of highest prices.
  • low: string - List of lowest prices.
  • close: string - List of closing prices.
  • timeperiod: number (default: 14) - The time period used to calculate the ADX.

Example Usage​

To use this worker, simply provide the required parameters in the format specified above. For example:

{
  "high": "10, 12, 15, 18, 20",
  "low": "8, 10, 12, 15, 18",
  "close": "9, 11, 14, 17, 19",
  "timeperiod": 14
}

This will return the calculated ADX value for the given set of prices and time period.