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ADX by Thom
The ADX by Thom Hartle
ARTICLE SYNOPSIS...THE ADX
The calculation of the average directional movement (ADX)
indicator is built on the intuitive notion that a trend is a series
of price ranges extending in a consistent direction. In sidebar
Figure 1, example A, the second day's trading range is
AUTHOR: Thom HartleDATE: APR 1993
The Average Directional Movement Index (ADX) by Thom Hartle
ARTICLE SYNOPSIS...The Average Directional Movement Index (ADX)
by Thom Hartle
Directional movement, according to technician J. Welles Wilder, is one of the most interesting aspects
of market analysis. Markets clearly move from trending periods to trading ranges, but dete
AUTHOR: Thom HartleDATE: MAR 1991