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Hello,
Does anyone know have a formula for calculation of
ADX so that i can apply it on a 5min chart to
determine whether ADX on the equivalent 30,60 min
chart is above 30 threshold?
For example, if I apply a Average(Close,240) on a
5min chart it will plot equivalent values as
Average(Close,20) on a 60 min chart. The reason
why this works in this case is because Average is
a linear function. I cannot do the equivalent on
ADX because it is non-linear.
Does anyone have any suggestions?
Thanks,
Bing
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