The output start index for this execution was fourty-seven with a total number of output elements of fourteen. The average directional index (ADX) measures the strength of a prevailing trend of Alleghany and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Alleghany ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator View also all equity analysis
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momentum indicators indicator.