Average Directional Index

Average Directional Index The average directional movement index (ADX) was developed in 1978 by J. Welles Wilder is a lagging indicator. It is an indicator of trend strength, it does not indicate the direction of strength. The ADX typically ranges between 0 to 100: the higher the oscillator, the stronger the trend is.  Weak trend: ADX readings below 20 Strong trend: ADX reading above 40 Extremely strong trend: ADX reading above 50. Key payoffs Average directional index (ADX) is a short-term technical indicator that can assist you

Elliott Wave Principle

What is the Wave Principle? The Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where in those repeating