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Understanding the ADX Trend Indicator by paolo is a document available to read on EtoBox.
What is Understanding the ADX Trend Indicator about?
The average directional index (ADX) is used to determine the strength of a price trend and whether prices are trending or ranging. ADX quantifies trend strength on a scale of 0 to 100, with readings above 25 indicating a strong trend. Traders can use ADX to identify the strongest trends to trade by looking for ADX values above 50 and rising momentum. ADX also helps traders distinguish between trending and non-trending price conditions. When ADX drops below 25, it signals that prices have entered a range whe
- Author
- paolo
- Language
- EN