High Probability Scalping Strategy with Two Moving Averages(EMA)How To Use ADX Indicator Day Trading
High Probability Scalping Strategy with Two Moving Averages(EMA)How To Use ADX Indicator Day Trading
IMPORTANT POINTS OF ADX INDICATOR
LINE COLOURS:
WHITE LINE = ADX LINE
RED LINE = -DI
BLUE LINE = +DI
ADD LEVELS:
ADD 40.00 LEVEL FOR THE REVERSAL POINTS
ADD 30.00 LEVEL TO CHECK REQUIRED STRENGHT OF A TREND
ADD 20.00 LEVEL FOR A BETTER SIGNAL
TREND STRENGTH:
0.25 = No or weak trend
25-50 = Strong trend
50-75 = Very strong trend
75-100 = Extremely strong trend
ENTRY SIGNALS:
If +DI cross -DI in up direction = Buy Signal
If +DI cross -DI in lower direction = Sell Signal
If ADX Line first go above than 40 Level and return below from 40 Level the market will be retrace
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