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The ADX Cheetah Block has a single input and single output. The input value is just an event to trigger the ADX calculation for a particular instrument (data on the event is not used). The ADX element outputs the ADX value for this instrument. It also provides a lookup service to allow asynchronous lookup of last calculated ADX values by instrument from other elements.

ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time.

ADX output value interpretation:

  • 0-25 Absent or Weak Trend
  • 25-50 Strong Trend
  • 50-75 Very Strong Trend
  • 75-100 Extremely Strong Trend

 

This block is part of the Cheetah Framework.


Copyright(c) 2016 Cheetah Solutions Pty Ltd

Patent Pending 61739845