ADX Raw - Metastock Indicator Formula

By Equis International Metastock Indicators

Periods:= Input("Enter time periods",1,100,14);



PlusDM:= If(HIGH>Ref(HIGH,-1) AND

LOW>=Ref(LOW,-1), HIGH-Ref(HIGH,-1),

If(HIGH>Ref(HIGH,-1) AND LOWAND HIGH-Ref(HIGH,-1)>Ref(LOW,-1)-LOW,

HIGH-Ref(HIGH,-1), 0));

DIPlus:= 100 * Wilders(PlusDM,Periods) /

ATR(Periods);



MinusDM:= If(LOWHIGH<=Ref(HIGH,-1), Ref(LOW,-1)-LOW,

If(HIGH>Ref(HIGH,-1) AND LOWAND HIGH-Ref(HIGH,-1)Ref(LOW,-1)-LOW, 0));

DIMinus:= 100 * Wilders(MinusDM,Periods) /

ATR(Periods);



DIDif:= Abs(DIPlus - DIMinus);

DISum:= DIPlus + DIMinus;

ADXRaw:= 100 * Wilders(DIDif/DISum, Periods);



ADXRaw