The new average directional index guide
The Average Directional Index (ADX) is a technical analysis indicator used to measure the strength of a trend in a financial asset, such as a stock or currency. J. Welles Wilder developed it in the 1970s. It is typically calculated using a moving average of the price range over a specified period of time, usually 14 periods. The value ranges from 0 to 100, with higher values indicating a stronger trend. A value of[…]