Nison Expert Level Nison Expert Level Web Class Web Class Exclusively for Owners of Exclusively for Owners of Nison Mega Package Nison Mega Package and and Candlesticks Candlesticks Re Re Ignited Ignited Candlesticks Candlesticks Re Re-Ignited Ignited Topic: The ADX Topic: The ADX
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Nison Expert Level Nison Expert Level Web Class Web Class
Exclusively for Owners of Exclusively for Owners of Nison Mega PackageNison Mega Package and and CandlesticksCandlesticks ReRe IgnitedIgnitedCandlesticks Candlesticks ReRe--IgnitedIgnited
Topic: The ADXTopic: The ADX
1) If trend is up and ADX slope is down indicates trend is1) If trend is up and ADX slope is down indicates trend is up – no
2) If the trend is down and the ADX slope is up it indicate downward momentum – no
ADX increasing shows strongshows strong trend, but price trends are different
To measure the strong and weak trend price difference is measured from today' s close of the candlestick to priormeasured from today s close of the candlestick to prior close, is this correct way to measure to determine the direction of trend.
14 Period Minimum:14 Period Strict: 14
PeriodADX slope increasing
ADX slope +.25 or less
Period ADX slope decreasing
.5 or more less decreasing
www.candlecharts.com
Minimum: ADX:18.57
ADX:18.26‐.31
14 Period ADX slope + 25+.25 or less
Strict: 14 PeriodPeriod ADX slope decreasing
www.candlecharts.com
g
1
ADX slope: +1 52+1.52
ADX slope: +.93
What candle patterns at the greenarrows?
h h ll ?What is the ADX telling us?
Candles and ADX
ADX slope: 1 86+1.86
“ l d k h b l h“Entering a long position in an uptrending stock I want the ADX to be less than 0.25 and reversal candle formation so as to enter on a retracement. Does the ADX suggests that immediate counter trend (pullback) is weakening (<0.25) (i.e the pullback is weakening and the major trend is about to continue).pu bac s ea e g a d t e ajo t e d s about to co t ue)
As such, should I only consider the ADX for my immediate entry signal and then not consider the ADX once I am in the trade?
Peter
Candles and ADX
Slope ‐.60
Slope +1.32
p
Slope +.96
www.candlecharts.com/seminars/octfx
Candles and ADX
ADX slope:ADX slope: +.43
ADX slope: ‐.30
Candles and ADX
ADX slope: +.19
ADX slope: ‐70.70
I understand that I should wait for confirmation of a support or resistance to initiate a trade therefore, is thi th b t ti t l k t th ADX t id tifthis the best time to look at the ADX to identify a possible momentum trade or a trend reversal?
I was thinking of buying GM for a longer term investment and was willing to give up a few $ to buy on g g p $ ymomentum above the falling window. Note the high ADX, but hammer held minor support.
Momentum trading and ADX
Steve‐Apple has recently gone from 120 to 150 and the ADX 18 on a daily basis has not moved up. This is surprising.C ? P SComments? ‐ Pete S.
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Rule: Because of ADX lag use for seeing when trend slows, not when new trend starts
"If we have a candlestick signal confirming a prior resistance or support, such as a bearish engulfing pattern confirming a h ti t t th i t 12 b i b t thshooting star at the same resistance 12 bars prior, but the ADX is still showing a relative strong trend (more than 0.5), would you still consider going short given that it confirms prior resistance?"
Marc F.Marc F.
+.56
Candles and ADX
ADX slope: +.43
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