Adx trading rules pdf
The average direction index (ADX) is used to determine the strength of a trend and often used in trend-following strategies. ADX uses an absolute value appr. It is often combined with directional indicators. The indicator was developed by Welles Wilder, who created several core trading indicators. ADX and DI. Traders can easily determine whether a market is ranging or trending, and then apply the appropriate strategy. ADX Calculation; Reading the ADX Indicator