ADX Indicator - aflcode.com | Latest collection of Amibroker afl 2023

ADX Indicator

//www.aflcode.com

P1 = Param("Period",10,0,100,1);

MyPDI= PDI(P1);//Positive Directional Indicator

MyMDI= MDI(P1);//Negative Directional Indicator (Minus)

MyADX= ADX(P1);//Average Directional Movement Index

//Green ADX Line=Rising; Red ADX Line=Falling

col = IIf( MyADX > Ref( MyADX, -1 ), colorGreen, colorRed );

Plot( MyPDI,"+DI",colorWhite, styleLine);

Plot( MyMDI,"-DI",colorBlue, styleLine);

Plot( MyADX,"ADX",col, styleLine);

Title=Name()+ " " + Date() + " Price: " + C + EncodeColor(colorIndigo) +"  ADX" + WriteVal( MyADX )+ EncodeColor(colorWhite) + "  +DMI" + WriteVal( MyPDI )+ EncodeColor(colorBlue) + "  -DMI" + WriteVal( MyMDI );