ADX ( ):
It is a non-directional oscillator type indicator, that is, it quantifies the strength of a trend regardless of its direction. In Spanish ( AVERAGE DIRECTIONAL INDEX )means index of average direction. It is common to use it together with directional indicators of movement like it ( Squeeze Momentum Indicator ), which show us the direction or predominant trend of the market.
IMPROVEMENTS MADE IN THE INDICATOR:
- Simpler: Thanks to the coloring that was carried out in the PRO +, it is much simpler to interpret than its original version.
- CANDLES: The PRO + will color the candles on the chart based on the strength of the trend calculated by the indicator.
- Alert system: The PRO + has a built-in alert system that will notify you on your phone or computer when it changes color and increases or decreases its strength.
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