
ADMIR Indicator
Platform: MT5 Type: Oscillator Last update: September 22, 2024The ADMIR indicator is a forex oscillator, that name means Average Directional Movement Index Rating. It reveals the ratio of the ADX lines of two indicators, Average Directional Movement Index along with the calculation periods conflicting by the listed value.
Take a look at available settings:
ADX Period – defines the period for the first ADX
Difference – defines the difference between the period’s calculation of the first and that of the second ADX
Applied price – represents price used for calculations
The formula for the Average Directional Movement Index Rating indicator:
The calculations of the Average Directional Movement Index Rating indicator are based on the following formula:
ADMIR = (ADX1 + ADX2) / 2
where:
ADX1 – Average Directional Movement Index Period
ADX2 – Average Directional Movement Index Period + Difference
How to use the Average Directional Movement Index Rating:
The price is considered to be bullish when the line of the ADM Index Rating indicator goes up from a sustained low. Similarly, the price is considered to be bearish when the line of the ADM Index Rating goes down from a sustained high.
We do not recommend using that gauge as a standalone trading tool. Rather use it in conjunction with some other technical analysis forex indicators.