mirror of
https://github.com/mihakralj/QuanTAlib.git
synced 2026-08-25 22:08:05 +00:00
v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup
This commit is contained in:
@@ -13,9 +13,7 @@
|
||||
| **PineScript** | [adxr.pine](adxr.pine) |
|
||||
|
||||
- The Average Directional Movement Rating is a smoothed version of ADX that dampens short-term fluctuations in trend strength by averaging the curren...
|
||||
- Parameterized by `period`.
|
||||
- Output range: Varies (see docs).
|
||||
- Requires `adx.WarmupPeriod + period - 1` bars of warmup before first valid output (IsHot = true).
|
||||
- **Similar:** [ADX](../adx/Adx.md), [DX](../dx/Dx.md) | **Complementary:** Aroon for trend timing | **Trading note:** Smoothed ADX; slower but fewer false signals. Used in Wilder's Directional Movement System.
|
||||
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
|
||||
|
||||
The Average Directional Movement Rating is a smoothed version of ADX that dampens short-term fluctuations in trend strength by averaging the current ADX with a historical ADX value. This creates a doubly-lagged metric that sacrifices all timing utility in exchange for stable regime classification. ADXR answers one question: does the current market environment reward trend-following strategies? If ADXR is high, deploy momentum logic. If low, deploy mean-reversion. It is a strategic filter, not a tactical signal.
|
||||
@@ -116,4 +114,4 @@ The final averaging step is trivially vectorizable once the ADX time series is m
|
||||
## Resources
|
||||
|
||||
- Wilder, J.W. — *New Concepts in Technical Trading Systems* (Trend Research, 1978)
|
||||
- PineScript reference: `adxr.pine` in indicator directory
|
||||
- PineScript reference: `adxr.pine` in indicator directory
|
||||
Reference in New Issue
Block a user