ADX is one of the more complicated indicators but, once you get the hang of it, it can be a great tool for finding and trading momentum stocks. I wrote a post on ADX on Sunday June 11th. You can access it from the June archive on the right side panel of this blog.
Beware the the signals of waning momentum creeping into NVDA's indicators as price challenges resistance.
A late session volume spike moves RIMM's price above resistance.
3 comments:
How do you use the ADX indicator? When I pull it up on my charts, it is very confusing. I am not sure what I am looking for.
Hi John,
ADX is one of the more complicated indicators but, once you get the hang of it, it can be a great tool for finding and trading momentum stocks. I wrote a post on ADX on Sunday June 11th. You can access it from the June archive on the right side panel of this blog.
Thanks Jamie,
I found the post very intersting.
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