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Author Topic: ADX - Average Directional Index - Example Strategy Add-on  (Read 2968 times)

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ADX - Average Directional Index - Example Strategy Add-on
« on: October 21, 2019, 05:16:03 PM »

ADX - Average Directional Index - Example Strategy Add-on

Trading in the direction of a strong trend reduces risk and increases profit potential. The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator. After all, the trend may be your friend, but it sure helps to know who your friends are. In this article, we'll examine the value of ADX as a trend strength indicator.

ADX is plotted as a single line with values ranging from a low of zero to a high of 100. ADX is non-directional; it registers trend strength whether price is trending up or down. The indicator is usually plotted in the same window as the two directional movement indicator (DMI) lines, from which ADX is derived.



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