The Average Directional Index is a highly-respected tool in many traders’ arsenals, capable of measuring the strength of market trends. This article delves into two ADX-based strategies, exploring how to combine this tool with other popular indicators like RSI and EMA for a well-rounded trading system. Understanding the ADX Trend Indicator The Average...
"Super Swing Strategy" - Bollinger Bands, RSI, and ADX Strategy Indicators Used: - Bollinger Bands - Relative Strength Index (RSI) - Average Directional Index (ADX) Bollinger Bands for volatility, RSI for overbought and oversold conditions, and ADX for strength of the trend. How it Works: Add Bollinger Bands, a 14-period RSI, and a 14-period ADX to your...
Carl Jung, a renowned Swiss psychiatrist and psychoanalyst, introduced the concept of archetypes as universal patterns or symbols that reside in the collective unconscious. Carl Jung's archetypes , rooted in the collective unconscious, offer profound insights into human behavior and decision-making processes. (archetypes example would be the Devil and Angel...
Get ready to revolutionize your trading strategy with our latest tutorial on the Chop and Trend Index (CTI)! This unique indicator, unlike traditional oscillators, provides a fresh perspective on market conditions by identifying periods of market chop and strong trends. Whether you're trading stocks, forex, or commodities, on any timeframe, the CTI is a...
In this video, Stock Justice introduces you to the Volatility Adjusted ADX (VADX), a powerful tool that combines trend strength and market volatility. Learn how to customize your settings for optimal analysis and how this indicator, with its proprietary mathematical formulation, offers a nuanced perspective on market dynamics. Discover the benefits of normalized...
Hello, it's Stock Justice here! In our latest video, we explore the intricate workings of the Dynamic Action Convergence Divergence (DACD) - a tool that synergizes the robustness of the ADX and the DI lines to create a dynamic and responsive trading indicator. We plunge into the depths of DACD, starting with the base components - the Average Directional Index...
How to Use the ADX Screener. Plus= Bulls in control Minus= Bears in control ADX strength of the trend ADX is represented by Area Behind the Plot for detailed information please see the picture at the link below
Peacock Indicator settings and Usage. Please do Enter Trades when there are gray color in any part of the histogram line of indicator. Entry Condition when all the Colors are inline. Buy Sell Signals can be plotted in settings MACD Histogram indicates trend Zero line indicates Additional Trend Indicator like Super trend, QQE, MACD, HULL Additional settings will...
Making a trade plane using MACD Multi Time Frame. Chart & Indicator : 1. Heikin Aishi Candle 2. Current Chart MACD 3. Higher TF MACD 4. ADX Steps : 1. Look at Higher TF MACD Direction 2. Check if lower TF MACD is aligned 3. Check if ADX / trend's strength 4. Set a limit position, wait for the price to break support. 5. Set SL in previous high. Set TP...
One of the most commonly asked question by novice traders is "what indicators should I use?" which is unsurprising given the vast array of available tools on a typical trading platform. Some traders prefer to crowd their charts with all sorts of indicators, whereas others prefer a more minimalistic approach. While there is no perfect solution, one thing should...
With the entire world a bit shaken by everything in it including the S&P 500 Index now would be a good time to see how the market has previously turned the corner after being clipped by a “Black Swan”. I’ll start with the monthly chart which will update monthly, weekly, daily, etc. Technical Indicators I enjoy using include moving averages, Williams Alligator,...
Just a quick tip on an alternative to use ADX. Hope this helps a few people. Ignore the one blue line. Accidentally put it there
This is an example of Gunbot trading with the ADX strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on ADX , enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured. Settings used This example uses the...
The objective of this educational idea is to explain the use of ADX in 300 words. I will be using short sentences so that it is easy to grasp and understand. For a detailed overview, please visit the sources attached after the explanation. DMS stands for Directional Movement System It measures the direction of trend in the market +DMS (Green Line)...