Hello AGAIN today!!!
As you know I 'religiously' draw up my ADX(14)/ADXR(14) work sheet every day (night) and something occured to me just now:
From the time I started doing this (let's say from 1 April 2008) I've always had ADXR(14) values in the high / upper 60's / lower 70's but yesterday I noticed that the higest ADXR(14) value that I have is 49.8764 (AUD/NZD).
Now HAVING the kind of mind that I have I find myself wondering if this in fact means SOMETHING / ANYTHING relating to the (forex) market as a whole??? I mean what would happen / what would things look like if I for instance one day drew up the same work sheet and the HIGHEST ADXR(14) value on the work sheet was say 19 or lower???
I suppose in other words I'm just curious if the range of the ADXR(14) values as a whole at any one given time could be some sort of 'market barometer' and if so a 'market barometer' of WHAT???
Thoughts anyone???
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