To the Forum:
I would like to apply the calculation for Wilder's ADX to a moving average, i.e., calculate the strength and weakness of the trend of the moving average, rather than smooth the ADX with a moving average. However, my old TS2000i and now MC 9.0 are obstinate about letting me change the values like "PriceValueH" and "PriceValueL" to values representative of an N-day exponential moving average.
Your thought and comments are appreciated in advance.
virginiatrader
ADX calculation applied to moving average
- virginiatrader
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Re: ADX calculation applied to moving average
The ADX calculation requires H, L, C.To the Forum:
I would like to apply the calculation for Wilder's ADX to a moving average, i.e., calculate the strength and weakness of the trend of the moving average, rather than smooth the ADX with a moving average. However, my old TS2000i and now MC 9.0 are obstinate about letting me change the values like "PriceValueH" and "PriceValueL" to values representative of an N-day exponential moving average.
Your thought and comments are appreciated in advance.
virginiatrader
How do you propose to do that with MA alone?
- virginiatrader
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Re: ADX calculation applied to moving average
TJ:
Thanks for the reply. You are correct...those values are required. I think the only way to do it would be substituting an MA of the H, L, and C for those values.
Your thoughts, please...
virginiatrader
Thanks for the reply. You are correct...those values are required. I think the only way to do it would be substituting an MA of the H, L, and C for those values.
Your thoughts, please...
virginiatrader
- virginiatrader
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Re: ADX calculation applied to moving average
MAtricks:
Thanks for your reply as well...please see mine to TJ!
virginiatrader
Thanks for your reply as well...please see mine to TJ!
virginiatrader
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Re: ADX calculation applied to moving average
You can try this... open the ADX function (not the indicator) and change the core inputs.TJ:
Thanks for the reply. You are correct...those values are required. I think the only way to do it would be substituting an MA of the H, L, and C for those values.
Your thoughts, please...
virginiatrader
ps. hint: the more you massage the data, the further it is removed from reality. ie. the less useful it becomes.