Just like the trading time is different, the ADX indicator must also be set accordingly for intraday trading. When it comes to intraday trading, shorter time frames work better.
ADX indicator is a trend strength indicator. This means that when the value of the ADX indicator rises, the ongoing trend (bullish or bearish) strengthens and will go the same for some time.
Only when the value of ADX starts falling can we say the trend has also started weakening.
In general, the ADX indicator is set between ranges from 0-100. Each value of the ADX indicators says a lot about the indicator's strength and makes it easier for the trader to make trade decisions.
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1 окт 2024
