ADXR summary
Average Directional Movement Index Rating (ADXR) is a smoothed version of ADX indicator and is used as a rating of the Directional Movement while smoothing out ADX values.
ADXR measures the strength of a prevailing trend and defines if there is direction in a market. As a rule a reading above 25 is thought to be directional (it's plotted from zero and over).
ADXR can be accessed in the RTL language using the token ADXR.
Keyboard Adjustment . . .
The ADXR is used in much the same way as the ADX; the higher the ADXR value the stronger the trend. Values above 40 indicate very strong trending while values below 20 indicate non-trending or ranging market conditions.
From cmsfx
The ADXR is constructed adding the current ADX value and an ADX value n-Periods ago and then dividing that sum by two. (full article) ...
ADXR is calculated by adding the current ADX value and an ADX value n periods back, then dividing the sum by two. This serves to smooth the ADX values.
ADXR
An additional indicator, the average directional movement index rating (ADXR), was created by Wilder as a measuring tool for the strength of ADX. ADXR is the average of the current ADX and the ADX 14 days ago.
ADXR Indicator:
Conventional Interpretation:
ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal.
ADXR
The ADXR is a different form of ADX. It allows us to calculate the same thing. Except it does it at a different rate.
ADXR shows the momentum change in the value of the ADX. It is calculated by calculating the average of the two ADX values - current ADX and previous candle's ADX. Usage: the higher the ADX, the stronger the trend. ADXR was developed by J.
Whereas the ADXR plot of the DMI is used to rate contracts from the longer term, trend-following point of view, the CSI is used to rate items in the more volatile short term.
The CSI is calculated by multiplying the ATR, a constant and the ADXR. The latter is the sum of the recent ADX plus the ADX of 14 periods ago divided by two. The forumula for the CSI is: ...
In technical analysis, the Average Directional Movement Index Rating (ADXR) measures the strength of the Average Directional Movement Index (ADX).
The Commodity Select Index is usually calculated over 14-periods and includes the ADXR (see: ADX) in its calculation.
It is beyond the scope of this book to provide full calculation details on the Commodity Selection Index. It is calculated using the ADXR component of the Directional Movement indicator.
The ATR is a component of the Welles Wilder Directional Movement indicators (+/-DI, DX, ADX and ADXR).
The ATR was developed by J. Welles Wilder and is described in his 1978 book New Concepts In Technical Trading Systems.
Formula: ...
The system works best according to Wilder on securities that have an ADXR value above 25.
The system involves 5 indicators which are the Directional Movement Index (DX), the plus Directional Indicator (+DI), the minus Directional Indicator (-DI), the average Directional Movement (ADX) and the Directional movement rating (ADXR).
 See also: Average, Trend, Indicator, Market, Index
  
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