Forex Trading

ADX: The Trend Strength Indicator

This corresponds to entering the overbought or oversold market. The main index line started to decline but is still close to the 40% level. This suggests that the trend strength is still high, ADX peaks, but there may be a reversal. Open a short position 3-4 candles after the crossover of the +DI and -DI Read Post

ADX: The Trend Strength Indicator

This corresponds to entering the overbought or oversold market. The main index line started to decline but is still close to the 40% level. This suggests that the trend strength is still high, ADX peaks, but there may be a reversal. Open a short position 3-4 candles after the crossover of the +DI and -DI Read Post