The Average Directional Movement Index (ADX)
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The Average Directional Movement Index (ADX)
The Average Directional Movement Index (ADX), developed by famed trader Welles Wilder in 1978, is used by traders to determine trend strength and direction. Detecting and trading in the direction of a strong trend is conventional financial advice. ADX is a popular indicator among traders of all skill levels. In terms of functionality, the ADX ...
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