TADXFunction
Hierarchy Properties Methods Events
Unit
CandleCh
Description
The TADXFunction is normally used in financial trending applications to determine whether a market is trending, or moving sideways.
A high ADX reading indicates a trending market.
A rising ADX indicates a trending market (either up or down).
If the ADX reaches 40 or greater, look for a signal that indicates the trend is over.
An ADX of 20 or less indicates a sideways market.
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