ADX Evaluate the strength of the Forex Market Trend
Thursday, March 26th, 2009Average Directional Index (ADX) is one of the most trusted ways to evaluate the strength of the current market trend, be it upwards or downwards. Measured in an oscillator that fluctuates between 0 and 100, readings above 60 are considered comparatively rare. While a weak trend is marked for low readings below 20, a strong [...]