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Average Directional Index

A Wilder indicator measuring the strength of a trend without saying which way it points, usually with 25 taken as the threshold for trending.

ADX is derived from the smoothed difference between the positive and negative directional indicators of the directional-movement-index. It runs from 0 to 100 but rarely exceeds 60 in practice.

Its distinguishing feature is that it is direction-agnostic: a strong downtrend and a strong uptrend both produce high ADX. That makes it a regime filter rather than a signal. Many traders use it to decide whether to run a trend system or a mean-reversion system.

It lags heavily. ADX only rises after a trend is well established, and it often peaks near the end of moves. A rising ADX confirms that a trend has been strong, not that it will continue, and the 25 threshold is convention rather than a tested constant.

Related: directional-movement-index, choppiness-index, trend-following, indicator-lag, trading-range

See it drawn

Original diagrams for the ideas on this page. Illustrative, not real market data.

Trend structure: higher highs against lower lowsTwo zigzag price paths side by side; the left one steps upward with each peak and trough above the last, the right one steps downward with each peak and trough below the last.UPTRENDhigher highs, higher lowsHHHHHHHLHLHLDOWNTRENDlower highs, lower lowsLHLHLHLLLLLLHH higher high, HL higher low, LH lower high, LL lower low.
How a trend is built. A trend is just a sequence of turning points. While each peak and each dip sits above the one before it the market is trending up; once both start landing below the previous ones the structure has turned down.

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