How to use Advanced_ADX indicator
Advanced_ADX sends 2 types of signals:
Buy – when the histogram is green.
Sell – when the histogram is red.
When Long, the trading rules are:
– as long as each new green histogram bar keeps rising, stay in a trade, no worries there.
– once the green histogram bar fails to make a new high – tighten you stop / or place a trailing stop while holding on to a trade.
– once the green has changed to red – exit. Also you’ll exit earlier if the Stop Loss is hit.
Opposite for Short:
– as long as each new red histogram bar rises, stay in a Short trade.
– once the red histogram bar fails to make a new high – tighten you stop / or place a trailing stop while holding on to a trade.
– once the red has changed to green – exit. Also you’ll exit earlier if the Stop Loss is hit.
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