ADXVMA Plus

The ADXVMA Plus version is identical to the regular ADXVMA with the exception of additional parameters for setting the lookback period for the Directional Movement (DM), ADX and Chande EMA. Furthermore, this version has the option of using the DM as suggested by Wilder, in place of the standard version.

Indicator Description

The ADXVMA Plus is a volatiltiy based moving average with the volatility being determined by the value of the ADX. The ADX provides levels of support during uptrends and resistance during downtrends. The indicator may also be used as a trendfilter. The trend can be positive, negative or neutral.

The indicator is available for NinjaTrader 8.