💎ADX Indicator a summary 🧵
✅quick tool used to determine strength of a trend
✅ non directional in nature it doesn't tell whether trend is upward or downward
✅ It compares highs and lows of bars and does not use the close of the bar
✅quick tool used to determine strength of a trend
✅ non directional in nature it doesn't tell whether trend is upward or downward
✅ It compares highs and lows of bars and does not use the close of the bar
✅ The stronger the trend, the larger the ADX value regardless of whether it is an uptrend or downtrend
✅When using the ADX indicator, remember 25 and 50 as critical levels
✅ below 25 Trend is weak
✅between 25 to 50 Trend is strong
✅ above 50 Trend is stretched
✅When using the ADX indicator, remember 25 and 50 as critical levels
✅ below 25 Trend is weak
✅between 25 to 50 Trend is strong
✅ above 50 Trend is stretched
✅above 50 Trend will correct
📢Usage :
🎯 Entries when trend is xossing 20-25 are considered safer
🎯Avoid entering in sideways 0-25 zone
🎯Plan for exit as trend drops from 50 - 70
If this helped your understanding ...dont forget to help others by an RT ♻️
📢Usage :
🎯 Entries when trend is xossing 20-25 are considered safer
🎯Avoid entering in sideways 0-25 zone
🎯Plan for exit as trend drops from 50 - 70
If this helped your understanding ...dont forget to help others by an RT ♻️
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