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Trade with accurate Strength of trend advance ADX indicator

March 14, 2015 11:46 pm

ADX Strength of Trend:

ADX Acronym of Average Directional Index – ADX. This indicator used in technical analysis and specially analyze the strength of trend by using average of previous time period. This indicator accuracy depend on experience about candles and patterns, because through this we knows about major trend of market and when try to change it. If any trader have a knowledge about trend lines then this indicator provide a best understand about trend.

ADX-Trend-Trade

ADX-Trend-Trade

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Instructions:

  • Recommended currency pairs: EURUSD, EURJPY and GBPJPY
  • Time Frame: M15 and H1
  • Input setting: 28 days time period
  • Levels: Optional if anyone want to use it.
    • Level 15
    • Level 20
    • Level 30
    • Level 45
    • Level 55

Rule for buy entry

When the histogram (shows in bottom of chart) is start with green color then market try to change the trend and in next histogram if show one more green candle and make new high from previous candle then buy entry is best.

Rule for sell entry

When the histogram (shows in bottom of chart) is start with red color then market try to change the trend and in next histogram if show one more red candle and make new high from previous candle then sell entry is best.

Rule for levels:

If histogram start green candle from level 15 and continues make new high near level 20 then buy trade is best and close buy trade near level 30 and next histogram shows red candle at level 30 then sell is best.

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