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The traditional ADX indicator, designed by J. Welles Wilder, indicates the strength of the trend. The Advanced ADX also indicates the direction of the trend. It is a great indicator to measure both the strength AND the direction of the trend.
The advantages of the Advanced ADX indicator:
Interpreting this technical analysis indicator is easy. A green histogram indicates that the trend is bullish. A red histogram indicates that the trend is bearish. A high value indicates a strong trend. A low value indicates a weak trend. Traders usually use these values:
The Advanced ADX indicator can be used as a signal or as a signals filter in the NanoTrader platform.
This example shows the Advanced ADX indicator in a 60-minute chart, calculated over a 14-day period. The trend is bearish (red histogram) and weak (22,16).
This example shows the DAX market index in a 60-minute chart. The Advanced ADX indicator informs the trader that the trend currently bearish (red histogram) and weak (22,68) is.
This example shows a trend, which is bullish (green histogram) and strong (38,98). The traded added the DMI lines (DI+ / DI-), which are used to calculate the ADX.
Open the chart of the instrument you wish to trade.
In the WHS Proposals folder, select the Advanced ADX indicator.