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H
BestScopePeriodSample%ChangeS&P500
1
+IndustryYearTop 25
30.79%
16.51%
-GlobalYearLast 10
0.32%
16.51%
5
+IndustryYearTop 25
32.81%
16.95%
-IndustryYearLast 25
4.24%
16.95%
A
+GlobalWeekTop 5
2.58%
0.14%
-IndustryYearLast 5
15.58%
7.88%

Average Directional Index

The Average Directional Index is comprised of 3 lines -the ADX and the +DI and -DI. The ADX value is a measure of the strength of the trend, while the -DI and +DI point to the direction of the strength. We are using a standard 14 period for the ADX and display a positive value if the +DI is above the –DI. If the -DI is above the +DI, we are using the negative DX value.

Part of: Momentum


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