Hi - the current function for ADX appears to only take the bars argument. Any exmaples on how to use this to plot the ADX on a series (in my case relative close where this is stock close/benchmark clsoe) would be very helpful. I would assume the same logic applies for +/-DMI? Many thanks, W
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It's not the current function, it's per Wilder's design.
ADX is a smoothed DX (
directional movement) which, in its turn, is essentially a normalized ratio of
DI+ to
DI-. And the DI+ and DI- formulas are heavily using the low and the high prices - that's why passing a
Bars object is a requirement.
There are other trend strength indicators you may use to substitute the ADX on data series. Off the top of my head, here are two from Community.Indicators:
Trend Intensity Index (TII)TSI (Trend Strength Index)
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