Designed by Welles Wilder for daily commodity charts, the ADXW is now used in various markets by technical traders to assess the strength of a trend or even a trend for short- or long-term trades.
The ADXW uses a positive (DI+) and negative (DI-) directional indicator in addition to its trend line (ADX).
According to Wilder, a trend has strength when the ADX signal is above 25; the trend is weak (or the price has no trend) when the ADX is below 20. The absence of a trend does not mean that th
Compared to simple or exponential moving averages, slow adaptive trend lines might offer a more nuanced view of the trend by adjusting their sensitivity based on market conditions. However, their slow nature might also mean they are late in signaling reversals when market conditions change rapidly - and that is the difference between them and our SlowAMA .
SlowAMA was designed to be a better long-term trend indicator than EMA and other Moving Averages. It uses our JurMA calculations, reducing