V.11:4 (154-155): The ADX by John Sweeney

V.11:4 (154-155): The ADX by John Sweeney
Item# \V11\C04\THEADXB.PDF
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The calculation of the average directional movement (ADX) indicator is built on the intuitive notion that a trend is a series of price ranges extending in a consistent direction. In sidebar Figure 1, example A, the second day’s trading range is higher than the first day’s trading range, indicating positive directional movement. ...

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