Average Directional Index
Table of Contents
These filters look at the Average Directional Index, or ADX, for a stock. These look at a daily chart and use a 14 period smoothing factor.
The ADX is traditionally used to determine if a stock is trending or not. Values less than 25 indicate a sideways or choppy motion. Values between 30 and 50 typically indicate a strong trend. Values can be anywhere between 0 and 100, but very large values are unusual, and they denote stocks doing very unusual things.
Filter Info for Average Directional Index [ADX]
- description = Average Directional Index
- keywords = Changes Daily
- units = %
- format = 1
- toplistable = 1
- parent_code =