Inverted adx

[lploumen]

Hi, Following article 1 and checking code at the same time, it says :

Average directional movement index (ADX) is a trend indicator that typically returns a number from 0–100, under 20 it indicates a weak trend, over 50 it indicates a strong trend. Bowhead returns a -1 for under 20 and a 1 for over 50;

But in :

https://github.com/joeldg/bowhead/blob/master/app/Util/Indicators.php#L783

It looks like it is inverted, is it intended ?

[rxmg-joeldg]

Yes.

Good catch

note the note TODO, this one needs more research for the returns

In this case ADX is being used as an overbought/underbought indicator and not a trend indicator, which is what it should be used as ...

When ADX was added, I didn't have the other trend indicators so I was figuring out what to do with it and this should be changed to work with those.

I will made that change...

-joel

On Thu, Aug 3, 2017 at 11:51 PM, Loic Ploumen [email protected] wrote:

Hi, Following article 1 and checking code at the same time, it says :

Average directional movement index (ADX) is a trend indicator that typically returns a number from 0–100, under 20 it indicates a weak trend, over 50 it indicates a strong trend. Bowhead returns a -1 for under 20 and a 1 for over 50;

But in :

https://github.com/joeldg/bowhead/blob/master/app/Util/Indicators.php#L783

It looks like it is inverted, is it intended ?

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