In ADX indicator lesson, mentioned that ADX is mainly used for measuring the strength of trend.
“How to Use ADX (Average Directional Index) in Forex - BabyPips.com”
But I read somewhere we can also use it for the trend direction using +DI and -DI lines.
Highly appreciate if anybody can shed some light on it with example if it’s possible.
Regards,
IZ
The idea in watered form is if the ADX line is over 20 there is a strong trend starting and the +D & -D are showing the direction depending on which is on top. I find using the histogram a little better to read rather than the mad lines
Thank you Lang for quick info,
you mean MACD histogram if I am not wrong.
On many brokers you can change the +d & -D to a histogram looks cleaner
Thank you Lang for explanation.