AAPL and ADX/DI notes
8 minutes ago
Just some personal notes on my observations using ADX /DI.
A few things:
- ADX /DI is a oscillator, only indicates strength in move in either bullish or bearish directions.
- Red line ADX above 25 is a good rule of thumb for deciding whether the trend is strong or weak.
- Indicators are fallible, ALWAYS use in conjunction with other indicators. S/R PA, EMA , RSI , Vol, Etc.
- Works best on longer timeframes! never use on short timeframes under 1hr.
- DI indicators (orange and blue) then to attract and repel to each other, often times crossing over each other indicating the change in trend.
Just some personal notes on my observations using ADX /DI.
A few things:
- ADX /DI is a oscillator, only indicates strength in move in either bullish or bearish directions.
- Red line ADX above 25 is a good rule of thumb for deciding whether the trend is strong or weak.
- Indicators are fallible, ALWAYS use in conjunction with other indicators. S/R PA, EMA , RSI , Vol, Etc.
- Works best on longer timeframes! never use on short timeframes under 1hr.
- DI indicators (orange and blue) then to attract and repel to each other, often times crossing over each other indicating the change in trend.
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