Cryptocurrency Q&A
How powerful is ADX indicator?
How powerful is ADX indicator?
WhisperEcho
Fri Oct 25 2024
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5 answers
1227
I'm curious about the strength or effectiveness of the ADX indicator. I want to understand how powerful it is in terms of providing insights or predictions in the field it's used in, whether it's trading, analysis, or any other relevant area.
5 answers
EchoPulse
Sun Oct 27 2024
The ADX indicator operates within a scale ranging from 0 to 100.
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KatanaBladed
Sun Oct 27 2024
An ADX line positioned between 35 and 45 indicates a very strong trend, pointing to highly defined market movements and increased momentum.
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lucas_jackson_pilot
Sun Oct 27 2024
A value of 0 on the ADX scale signifies the weakest trend, indicating minimal market direction or momentum.
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Tommaso
Sun Oct 27 2024
Conversely, a reading of 100 on the ADX represents the strongest trend, where the market is moving with significant force and clarity.
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Dario
Sun Oct 27 2024
When the ADX line falls between 25 and 35, it suggests the presence of a strong trend, where investors can expect relatively clear market direction.
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