FXstreet

The ADX indicator is an oscillator that is meant to measure how strong a given trend in the market is for the security to which it is attached. This article thus, like some that were preceding it, examines the various patterns exhibited by this indicator in a custom signal class file, for wizard assembled Expert Advisors. We review one pattern at a time as we have in the previous articles covering RSI, Bollinger Bands, and the RSI and then conclude with a test that includes all patterns to get a sense of which has the highest weighting.

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