![]() ![]() Traders can become easily confused with the low or high readings versus the slope and or changes in direction. However, many traders would testify to their beliefs that the indicator does have predictive qualities, if used correctly and we stress the word ‘”if”. Undoubtedly, similar to nearly all indicators bar price action, it lags as opposed to being a leading indicator. This is a shame because used correctly, particularly in tandem with other indicators such as the DMI, it can be a very powerful trading indicator and tool. One of the simplest indicators to use it’s not only much maligned, but also misunderstood and rarely used, or used correctly by traders. Moving on in the series regarding the swing trading indicators that we favour using in our “is the trend still your friend?” weekly trend trading analysis articles we now come to the ADX… ![]()
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