Use of ADX

Beginner Questions Candlesticks, Chart Patterns, and Price Action
1

Hey all.

Can someone please confirm if the below is correct.I am trying to make sure my thinking is correct but I am unsure. I tried looking online but lots of contradicting information.

ADX above 25, +DI crosses the -DI = POSSIBLE buy signal.
ADX above 25, -DI crosses the +DI = POSSIBLE sell signal

If the above is correct could this be used for scalping or is this better over a longer period such as 4h / daily and use long drives? I know one analysis is not good to base a trade on but got to start somewhere to.find my footing.

I would take small consistent gains over a bigger higher risk gamble (suppose that is self explanatory as we all want to the same goal, money)

Any help or comments greatfully received.

Gmd

2

The ADX is a trend indicator. This is not my site and I have nothing to gain or lose if you do or don’t use it. I used it to find the indicators I use. Not only does it list the best use for an indicator (Trend Momentum, Cycle etc) it gives a pretty good description of how to trade with the indicator Forex Indicators Guide

Most people will tell you no matter what indicator you use you should verify with Support and Resistance lines and different time frames, no matter if you’re trading short or long term. Once you find an indicator that you want to use, you can also check it out through utube. Example search under ADX indicator tutorial, uses etc and you’ll get alot of short video’s

Good Luck
Gp