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You are here: Home / ADX Indicators / Advanced ADX Indicator

Advanced ADX Indicator

June 12, 2014 By Hung Vu Leave a Comment

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.

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Advanced ADX Indicator

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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.

Filed Under: ADX Indicators

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