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V.11:5 (213-214): The ADX by John Sweeney
V.11:5 (213-214): The ADX by John Sweeney
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THE ADX
The calculation of the average directional movement (ADX) indicator is built on the intuitive notion that a trend is a series of price ranges extending in a consistent direction. In sidebar Figure 1, example A, the second days trading range is higher than the first days trading range, indicating positive directional movement. In example B, the second days trading range is below the first days trading range, an indication of negative directional movement. ...
The calculation of the average directional movement (ADX) indicator is built on the intuitive notion that a trend is a series of price ranges extending in a consistent direction. In sidebar Figure 1, example A, the second days trading range is higher than the first days trading range, indicating positive directional movement. In example B, the second days trading range is below the first days trading range, an indication of negative directional movement. ...
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