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Could someone please explain the ADX and how it pertains to the strength of a movement.
Thanks Ed

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Comment by Mister H on October 30, 2008 at 2:50pm
Hey Ed -

Here are a few links to some good websites where you can learn more about ADX, as well as many other technical indicators. This should get you going. Personally, I do not use ADX because I just think it looks too somplicated and confusing to me. However, I've heard Adam talk about it many times.....I'd suggest that you lob an email into him.


http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_directional_

http://www.investopedia.com/terms/a/adx.asp

http://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp

http://www.investopedia.com/articles/technical/02/041002.asp

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