A lot of people who day trade the forex markets will look to trade a particular currency pair regardless of how little, or how much the pair has already moved during the current day. However this is a flawed strategy because you should always be aware of the average trading range of a currency pair [...]
dynamic range indicator
By: Mark Mcrae The ADX (Average Directional movement Index) Indicator The ADX is part of the direction movement system introduced by J.Welles Wilder in his book New Concepts in Technical Trading Systems. It comprises of the Directional Movement lines – the plus DMI line and the minus DMI line – and the ADX line (the [...]
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