ADX
Fire Up Those Money Printers: Potential for another run!AdEx looks like it might be preparing for another run after exhausting earlier this week. The MACD is converging on the 2 hour and lower intervals and we're about to test the previous high on our down trend. Watch for us to break the horizontal green line which lies right on the 38.2 Fibonacci level for confirmation of upward continuation.
ADX moving to NEO and trend based fib extension toolAdEx announced they are moving from ETH to NEO .
You do not need to care about ADX or NEO to profit off of this; just recognize that ADX pumped to 0.033 ETH off much less news days ago, and that no one knows FOMO like NEO.
This idea illustrates the use of the Trend-Based Fib Extension tool for predicting target as well as where to look for support on dips on the way up.
SHORT (USD/CAD)Once again considering the weakness of the dollar this past days, being confirmed by the existing correlation between (USD/CAD Vs. EUR/USD), there´s a short opportunity on the table. The RSI shows a fair price range and combined with the ADX indicator which proves the trend, Di- above the Di+ and also seeing the ADX line bellow 40 (Not giving us a trend change) it´s a good time to make some money, even better if leverage. ¡Taking the chance!
Technical Call : Short Axis BankChart of Axis Bank is suggesting weakness in stock price in coming days. Stock has closed below all short and long term moving averages. Additionally RSI and ADX has given negative divergence on both daily as well as weekly charts.
One can initiate short position on stock between 483-487 levels with stop loss of 521 (last up swing move) for target of 450 in coming 4-6 weeks.
Identify Exploding Momentum QuicklyHi fellow traders,
I have published a new script to assist you in trading.
As day and short term traders, we need strong movement,
hence,
to save our time and
allow us to trade only when we expect a lot of movement,
I have built this script.
Simple Rule : Trade when it enters green zone. That's it.
Avoid trading when in red zone and preferably, blue zone too.
You can find the script and further explanation when you click on the picture below.
Also, you can find it in related ideas mentioned.
You can use this by 2 ways :
1. Copy Paste the code on the script page in 'Pine Editor' and select 'Add to Chart'.
2. Select Indicator on your chart, and search for ADX Color Easy.
Note : On the main chart of the EURUSD in this idea, I have marked the time when ADX entered the Green Zone, with vertical blue lines.
Entry and Exit strategy is according to you ( you can combine this with various other strategies ), the objective of this is to instantly identify trend strength without any effort.
P.S. It works best on 1H tf for me.
Thanks.
Glad to help.
Possible buy, or wait and then buy...Looking for either a BB bounce, or for the MA Exp Ribbon to flip and for ADX to go up a bit, in which case it will be a buy. If it bounces off, then it will most likely rally for a little while (a day?) and might go up... or down... ya' never know
But seriously talking, if those BB's expand or ADX goes up, there's a big chance that will be an uptrend.