How The Pros Use Average
Here’s how technicians Charles LeBeau, Paul Rabbitt, and
Linda Bradford Raschke integrate the average directional
index into their trading plans.
How would you like to look over the shoulders of
professional traders using one of your favorite
indicators? Here’s your chance. I spoke with
three well-known traders who put their own
money at risk daily. I asked them to show me
what they do with the average directional index
(ADX), one of the longest-lived and most popular
trend indicators around.
I asked Charles LeBeau, Paul Rabbitt, and
Linda Raschke how they integrate ADX into their own trading
analysis and trading tactics. Here, largely in their own words,
these traders explain the thinking that guides their decision-making.
Hopefully, some of their strategies might make you
think about how this indicator can improve your trading.