The ADXR is equal to the current ADX plus the ADX from term3 number of bars ago divided by 2; in effect, it is the average of the two ADX values
See ADX for more details
Parameters:
DX Period use to calculate the DX
MA:DX Period used to smooth the DX
Interval for the ADXR
The value of MinBars will be one less than the
number of bars in the candlestick formation
Arguments:
None
Output Indicators:
ADXR
Example:
Study Name Expanded in a 3 minute timeframe:
I3_ADXR(15,3,2)_I3
This study calculates ADX with parameters of DXPeriod of 15 and
a MA:DX interval 3 and an interval of 2
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::ADXR
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