Right now, one economic indicator that's been nothing short of flawless in predicting the directional movement in stocks over the past 70 years has a pretty clear message for where equities are headed ...
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.
Indicator works by analyzing volume to inform traders about a security’s price direction and overall market strength.
If you want to add a useful trend technical indicator to your trades, average directional index (ADX) is a great place to start. This article explains how to use the ADX to improve your trading ...