v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup

This commit is contained in:
Miha Kralj
2026-03-13 13:46:52 -07:00
parent e3e9555fc1
commit c75135ab14
402 changed files with 2222 additions and 1779 deletions
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| **PineScript** | [adx.pine](adx.pine) |
- The Average Directional Index is the industry-standard measure of trend strength, ignoring direction entirely to focus on the velocity of price exp...
- Parameterized by `period`.
- Output range: Varies (see docs).
- Requires `period * 2` bars of warmup before first valid output (IsHot = true).
- **Similar:** [ADXR](../adxr/Adxr.md), [DX](../dx/Dx.md) | **Complementary:** Moving averages for direction | **Trading note:** Wilder's trend strength gauge; >25 trending, <20 ranging. Does not indicate direction.
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
The Average Directional Index is the industry-standard measure of trend strength, ignoring direction entirely to focus on the velocity of price expansion. Wilder's pipeline decomposes range into directional movement (+DM, -DM), normalizes against True Range to produce directional indicators (+DI, -DI), derives a directional index (DX) from their ratio, then smooths DX with a final RMA pass. The double-smoothed architecture creates significant lag but exceptional noise rejection, making ADX a regime filter rather than a timing tool. Output is unbounded above 0, with readings above 25 conventionally indicating trending conditions and below 20 indicating choppy markets.
@@ -143,4 +141,4 @@ The recursive RMA passes block SIMD across bars. The TR/DM initial computation (
## Resources
- Wilder, J.W. — *New Concepts in Technical Trading Systems* (Trend Research, 1978)
- PineScript reference: `adx.pine` in indicator directory
- PineScript reference: `adx.pine` in indicator directory