Trend Direction ADX
Trend Direction ADX is part of a serie of indicators used to characterize market conditions.
Almost any strategy only work under certain market conditions.
Therefore it is important to be able to characterize market conditions at any time : trend direction, trend strength, volatility, etc..
Trend Direction ADX is an indicator to be used to characterize trend direction :
- trending up
- trending down
Trend Direction ADX is based on ADX standard indicator.
Trend Direction ADX displays easy to read information about trend direction.
Indicator has no input parameters. It is ready to be used directly in you chart without any optimization.