Smoothed_ADX - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator is the directional movement index of the smoothed average of the standard indicators.

It has five tunable parameters:

SDIP = quadratic smoothing factor * DIPtmp + (1.0 - quadratic smoothing factor) * PrevSDIP
SDIM = quadratic smoothing factor * DIMtmp + (1.0 - quadratic smoothing factor) * PrevSDIM
SADX = quadratic smoothing factor * ADXtmp + (1.0 - quadratic smoothing factor) * PrevSADX

DIPtmp = 2.0 * DMIplus + (primary smoothing factor - 2.0) * PrevDMIplus + (1.0 - primary smoothing factor) * PrevDIPtmp
DIMtmp = 2.0 * DMIminus + (primary smoothing factor - 2.0) * PrevDMIminus + (1.0 - primary smoothing factor) * PrevDIMtmp
ADXtmp = 2.0 * ADX + (primary smoothing factor - 2.0) * PrevADX + (1.0 - primary smoothing factor) * PrevADXtmp
DMIplus, DMIminus - DMI+ and DMI-
ADX - Orienteering Index (Period)

Attachment download

📎 smoothed_adx.mq5 (13.18 KB)

Source: MQL5 #23537