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10491.05      108.35 1.04%

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25302.50      347.30 1.39%
ACC 1651.45 (1.17%) Link
Symbol     LTP Chng%
JPASSOCIAT 19.15   + 17.13
KITEX 246.40   + 10.20
MINDTREE 811.90   + 9.61
FORTIS 159.95   + 9.33
JINDALPOLY 357.20   + 8.05
Symbol     LTP Chng%
JUBILANT 883.80    -10.89
VAKRANGEE 189.70    -4.98
MTNL 23.70    -2.27
VINATIORGA 781.75    -2.09
SOMANYCERA 661.30    -1.93
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Average Directional Index (ADX)

Introduction

ADX is an indicator used in technical analysis as an objective value for the strength of trend. ADX is non-directional indicator, so it will quantify a trend's strength regardless of whether its value is up or down. ADX is usually plotted in a chart window along with two lines known as the DMI (Directional Movement Indicators). ADX is derived from the relationship of the DMI lines.

Analysis of ADX is a method of evaluating trend and can help traders to choose the strongest trends and also how to let profits run when the trend is strong.

Formula

First Adx14 = 14 Period Average of DX
Second Adx14 = ((First Adx14 * 13) + Current DX value) / 14
Subsequent ADX14 = ((Prior ADX14 * 13) + Current DX Value) / 14

Advantage

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. Directional movement is defined by +DI and -DI. In general, the bulls have the edge when +DI is greater than - DI, while the bears have the edge when - DI is greater. Crosses of these directional indicators can be combined with ADX for a complete trading system.

Sample Calculation

Technical chart for ADX

Technical Indicators

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