ADX Indicator Code

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  • 11/13/2018 at 7:00 AM #84740 quote
    roos
    Participant
    New

    Hi PRT, I was wondering if it is possible to see and play around with the default code on an indicator in ProBuilder – I am keen to see the exact logic and how it has been coded. For example I was wanting to see what the code behind your default ADX indicator is please?

    Thanks

    11/13/2018 at 4:55 PM #84774 quote
    Nicolas
    Keymaster
    Master

    The ADX code is available as an example in the platform, here it is:

    p=14

REM Let's compute +DM & -DM

plusDM = max(high-high[1], 0)
minusDM = max(low[1]-low, 0)

IF plusDM > minusDM THEN
minusDM = 0
ENDIF

IF plusDM < minusDM THEN
plusDM = 0
ENDIF

IF plusDM = minusDM THEN
plusDM = 0
minusDM = 0
ENDIF

REM Let's compute the directional indicators

plusDI = wilderAverage[p](plusDM)
minusDI = wilderAverage[p](minusDM)

REM Let's compute the ADX indicator

DX = ABS(plusDI - minusDI) / (plusDI + minusDI) * 100
myADX = wilderAverage[p](DX)

RETURN  myADX as "ADX", 25
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ADX Indicator Code


ProBuilder: Indicators & Custom Tools

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roos @roos Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
7 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/13/2018
Status: Active
Attachments: No files
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