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ADXR

Type: adxr • Category: indicators

Description​

Average Directional Movement Index Rating

Parameters​

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

Help​

ADXR

Average Directional Movement Index Rating​

The ADXR (Average Directional Movement Index Rating) is a financial indicator used to measure the strength of a trend in financial markets. It is a variation of the Average Directional Index (ADX) and is used to rate the strength of a trend.

Description​

The ADXR indicator is used to gauge the strength of a trend by comparing the gains and losses of an asset over a specified period. It is a useful tool for traders and investors to determine the trendiness of a market.

What does this worker do?​

This worker calculates the ADXR indicator for a given set of high, low, and close prices over a specified period. It takes into account the time period and returns the ADXR values.

How to interpret the results​

The ADXR indicator ranges from 0 to 100. A high ADXR value indicates a strong trend, while a low ADXR value indicates a weak trend. The following general guidelines can be used to interpret the ADXR:

  • ADXR > 25: Strong trend
  • ADXR < 20: Weak trend
  • 20 ≤ ADXR ≤ 25: Neutral trend

Parameters​

The following parameters are required to calculate the ADXR indicator:

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. This should be a comma-separated string of prices.
  • low: string - List of lowest prices. This should be a comma-separated string of prices.
  • close: string - List of closing prices. This should be a comma-separated string of prices.
  • timeperiod: number - The time period over which to calculate the ADXR. Default is 14.

Example usage:

{
  "high": "10.5, 12.3, 11.8, 13.2",
  "low": "9.8, 11.5, 10.9, 12.1",
  "close": "10.2, 11.9, 11.3, 12.8",
  "timeperiod": 14
}