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Oscar
Here is an ADX formula for MS published in TASC. The standard MS ADX
indicator appears to be rounded to the nearest whole number, or is in some
way truncated to eliminate all decimal fractions. The example below does not
have the same rounding.
Roy
{MetaStock code written by Equis and published in the Oct99 TASC}
{ADX Raw}
Periods:= Input("Enter time periods",1,100,14);
PlusDM:= If(HIGH>Ref(HIGH,-1) AND
LOW>=Ref(LOW,-1), HIGH-Ref(HIGH,-1),
If(HIGH>Ref(HIGH,-1) AND LOW<Ref(LOW,-1)
AND HIGH-Ref(HIGH,-1)>Ref(LOW,-1)-LOW,
HIGH-Ref(HIGH,-1), 0));
DIPlus:= 100 * Wilders(PlusDM,Periods) /
ATR(Periods);
MinusDM:= If(LOW<Ref(LOW,-1) AND
HIGH<=Ref(HIGH,-1), Ref(LOW,-1)-LOW,
If(HIGH>Ref(HIGH,-1) AND LOW<Ref(LOW,-1)
AND HIGH-Ref(HIGH,-1)<Ref(LOW,-1)-LOW,
Ref(LOW,-1)-LOW, 0));
DIMinus:= 100 * Wilders(MinusDM,Periods) /
ATR(Periods);
DIDif:= Abs(DIPlus - DIMinus);
DISum:= DIPlus + DIMinus;
ADXRaw:= 100 * Wilders(DIDif/DISum, Periods);
ADXRaw;
> I have been helping to a friend in technical analysis learning
> process, he has a Metastock 7.22 and we saw that one of the
> indicator, the ADX is different from the Metastock to another
> software analysis, obviously in the same symbol for the same periods.
>
> I would like to ask for help and if any could send me a source for
> the original ADX indicator formula that I suppose is the one in my
> software.
>
>
> Thank you.
>
> Oscar.
>
>
>
>
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