RE: [EquisMetaStock Group] ADX formula

["Lionel Issen" <lissen@xxxxxxxxxxxxx>]

Metastock has several ADX built in functions.

 

Guppy Traders site probably has other ADX coding.

 

Here is one from Equis: The other one ADX that was published about the same
time didn't seem to work easily as easily so I deleted it and no longer have
it.

 

Title: ADX Raw

 

{MetaStock code written by Equis and published in the Oct99 TASC}

  {ADX Raw}

{ this indicator moves up for trends up and down for trends down}

Periods:=Input("Enter time periods",1,100,14);

PlusDM:=If(H>Ref(H,-1) AND

L>=Ref(L,-1),H-Ref(H,-1),

If(H>Ref(H,-1) AND L<Ref(L,-1)

AND H-Ref(H,-1)>Ref(L,-1)-L,

H-Ref(H,-1),0));

DIPlus:=100*Wilders(PlusDM,Periods)/ATR(Periods);

MinusDM:=If(L<Ref(L,-1) AND

H<=Ref(H,-1),Ref(L,-1)-L,

If(H>Ref(H,-1) AND L<Ref(L,-1)

AND H-Ref(H,-1)<Ref(L,-1)-L,

Ref(L,-1)-L,0));

DIMinus:=100*Wilders(MinusDM,Periods)/

ATR(Periods);

{Change orignal expr by removing ABS}

 

DIDif:=(DIPlus - DIMinus);

DISum:=DIPlus + DIMinus;

100*Wilders(DIDif/DISum,Periods);

 

You will find another one, and other  MS formulas  at

 

http://www.equis.com/customer/resources/formulas/formula.aspx?Id=3 

 

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of andrew_slemko
Sent: Sunday, March 04, 2007 4:54 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] ADX formula

 

Does any one have the correct ADX formula? The one I have does not seem 
to plot the way it's intended to. I'm also looking for -DMI and +DMI 
they don't seem to be within the indicator builder do they go by a 
different name?

 



[Non-text portions of this message have been removed]



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