ADX & 50SMA Breakouts by Ken Calhoun
The more technical signals that line up in your favor, the better the odds of making a successful trade. Here’s an example of how to confirm a technical signal with another signal.
When it comes to finding strong entry signals, it is often a good idea to combine two or more technical indicators. This month, I will demonstrate combining moving average (MA) breakouts with average directional index (ADX) entry signals. The reason this is useful is because it gives you a stronger breakout signal that may be less likely to generate false breakouts, compared to using a single entry signal ...