Daytrading ADX Breakouts by Ken Calhoun
Would you like to know about a technical indicator that provides a consistent way to spot volatile breakouts in a timely manner? This tool may be sitting right in front of you. If you arenít already using the ADX, hereís how to use it to determine whether a breakout is strong enough for a daytrade entry.
Daytrading is all about finding volatile breakouts in time to make a successful entry. You can use J. Welles Wilderís average directional index (ADX) to help locate intraday trading setups as they are breaking out to new highs. I examined how to use this useful indicator for swing trades in an earlier article (STOCKS & COMMODITIES, March 2016). In this monthís column, you will see how to identify daytrades using the ADX ...