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The Average Directional Index (ADX)
The Average Directional Index (ADX) helps traders determine the strength of a trend, not its actual direction. It can be used to find out whether the market is ranging or starting a new trend.
It's related to the Directional Movement Index (DMI) and, in fact, the latter has the ADX line included. The oscillator ranges between 0 and 100 with high readings indicating a strong trend and low readings indicating a weak trend. It is often combined with directional indicators. The indicator was developed by Welles Wilder, who created several core trading indicators
We're trading Indices with the Algo Builder Indices
A quite note
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Twitter Trades
$DJIA: 300 points
$SPX: 300 points
$DAX: 140 points
BTI Algorithm power on indices follow up
$DJIA: 143 points more
$SPX: 127 points more
$DAX: 58 points more
