The Average Directional Index (ADX) is a moving average of a range, usually 14 days, that's used to quantify the strength and direction of a trend. ADX values are significant in that lower values indicate a weak to non-existent trend, i.e. ADX=14, whereas an ADX=40 is indicative of a strong trend. Additionally, a weak trend could signal that price has entered in...
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I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di...