Advanced ADX[Intellection]

9 lut 2023

█ OVERVIEW
"ADX" is a popular technical analysis indicator used to determine trend strength.
Advanced ADX is divided in two main sectors:

• Default ADX
  
• Higher time frame ADX analysis and trend phase
  

█ DESCRIPTION
You have two ADX's, One has the same time frame as your chart and the other one can be set by yourself in settings, Named Vision time frame.
Default value of "Vision ADX" is on 240minutes means 4hour, We recommend for time frames less than 1h using 4h "Vision time frame".

"Vision main plot" is also based on higher time frame analysis. The higher time frame analysis uses a combination of Three exponential moving averages (67, 89 and 111 periods) and the ADX to determine the position for long or short trades. The "Vision main plot" is shaded and changes color:

• Green means bull phase
  
• Red means bear phase
  
• Gray means not defined or neutral
  

█ TRADING GUIDES
You can filter your signals based on "Vision ADX" value and color
Some trading tips:

• When in green zone we don't recommend going short or just lower your risk for short positions. Simply for when ever your position is opposite of the color.
  
• When ADX stays for a long period under 30 then it crosses 30 you might consider a volatility is about to come!
  
• Good volatilities come when there is huge distance between default "ADX" and "Vision ADX"
  

█ Recap
"Advanced ADX" indicates three analysis:
1-Indicates default "ADX" based on your time frame.
2-Indicates higher time frame "ADX" based on the time frame you choose in settings.
3-Indicates higher time frame trend phase.

Don't forget to take time and learn it before trading it.