ADXR (Average Directional Movement Index Rating) – a trend indicator, which is a smoothed version of the ADX indicator, which is used for assessment and smoothing out ADX values.
How the indicator looks like in the chart:
The indicator has the following parameters:
Period - the ADX indicator value, taken the set number of periods back.
ADX Period - period of the used ADX indicator.
Panel - selection of the indicator location in the chart:
- New panel
Show value - showing the indicator value to the left on the price scale.
Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.
Color - the color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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