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ADXAverage Directional Movement Index) technical analysis indicator; J Welles Wilder, measures trend strength DMI gives buy and sell signals More at. Homepage for Tulip Indicators, an open source technical analysis library.
The average directional indexADX) can lead traders to reduced risk and increase profit potential. A library of technical indicators and technical analysis software functions used in stock trading for Microsoft Excel.
The ADX indicator measures the strength of a trend and can be useful to determine if a trend is strong or weak.