ADX Smoothed indicator: smoothed modification of the standard indicator

ADX Smoothed indicator - is a modified smoothing method Standard ADX indicator. The two-level smoothing used in the ADX Smoothed indicator helped to eliminate the lag and increase the accuracy of the indicator's response.

ADX Smoothed indicator settings

• per is the ADX period, a standard parameter;
• alpha1 is the first smoothing coefficient;
• alpha2 is the second smoothing coefficient;
• Price Type - the price used in the indicator calculations: 0 - Close (closing price), 1 - Open (opening price), 2 - High (maximum price), 3 - Low (minimum price), 4 - Median (HL/2), 5 - Typical (HLC/3), 6 - Weighted (HLCC/4).

The experts of ForTrader magazine believe that ADX Smoothed indicator will give fewer false signals and respond more often to the start of new trends, compared to the standard indicator.

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