Dictionary : Average Directional Index - ADX
An indicator used in technical analysis to determine the strength of a prevailing trend. The ADX is measured on a scale between 0 and 100. Readings below 20 are used to indicate a weak trend, while readings over 40 indicate a strong trend.
ADX is not used to determine the direction of a particular trend, but only to gauge its strength.
See other terms from our Dictionary:
# | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z