ADXR

ADXR for NT8 - Average Directional Movement Index Rating

The ADXR indicator supplied with NinjaTrader cannot be used with an input series other than price. We have recoded it so that you may apply it to other indicators. To do so, simply select any of the other NinjaTrader indicators as input series.

Indicator Description

The Average Directional Movement Index Rating (ADXR) is a component of the Directional Movement System as described by Welles Wilder. In addition to detecting the overall strength of the trend, the system also measures the strength of positive and negative price movement. Specifically, the ADXR indicator is a customized moving average (the WilderMA) applied to the ADX indicator. It is used to determine whether price movement is strong enough to consider potential trading setups. Therefore, the ADXR indicator is especially useful when considering trend-following entries.

Our version of the ADXR allows for setting the DM and ADX periods independently. Furthermore, this version of the ADX can be applied to other input series than price.

The indicator is available for NinjaTrader 8.

Several other standard indicators currently supplied with NinjaTrader that cannot be used with an input series other than price. We have recoded the indicators and they are available from the nested indicators category, namely the ADXATRCCIDirectional MovementDirectional Movement IndexFast Stochastics, Parabolic SAR and the Standard Stochastics.