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ADMIR: Averaging ADX Across Two Lookback Periods

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Summary

ADMIR is a trend-strength oscillator built from two Average Directional Movement Index readings. It takes a base ADX period and a period difference, calculates one ADX at the base period and another at the base period plus the difference, then averages the two values. The indicator also accepts an applied price input.

The description defines the calculation but gives no chart examples, trading rules, backtest results, or evidence that the average improves on a single ADX. It therefore explains how the indicator is constructed, not how to interpret its readings or use them to enter and exit trades. Its value and behavior will depend on the chosen periods and applied price.

Key ideas

  • ADMIR averages two ADX readings calculated with different lookback periods.
  • The second ADX period equals the first period plus a user-specified difference.
  • The indicator exposes the base period, period difference, and applied price as inputs.
  • The description gives no trading signals, performance evidence, or guidance for setting the inputs.

Tags

FuturesTechnical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.