Monday, October 26, 2009

ADX Indicator

A good tool I have been using is my ADX with +-D1. I find that when ADX is above 25 and +D1 and -D1 cross is is giving mea good indicator of the strength of the direction. Wors really well in all time frames. Although ADX is so simple, I feel it is one of the best tools.

%Range is only telling me when we I am supre range trading or when a completely obvious reversal is going to happen.

OsMA is telling me that NZD is about to move up

Aroon is heavy on the up

FX Caster is about to breat Purple

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