The AUDNZD remains in one of the markets strongest downtrends. Traders can judge trends by using the DMI indicator. With DMI – remaining dominant, traders will look for the downtrend to continue. The ...
Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Gordon Scott has been an active investor and technical analyst or 20+ years. He ...
ADX stands for Average Directional Movement Index, an oscillator driven by a mathematical derivation used in technical analysis to assess the strength of a price trend in a financial security.
For anyone interested in using indicators in your trading/investing, the DMI/ADX is an indicator I've recently been looking at to help identify trends. It's primary purpose is to measure directional ...