Trend Runner Trading Adventure

Technical analysis is the forecasting of market prices by means of analysis of data generated by the process of trading. Technical analysis relies on the assumption that markets discount everything except information generated by market action, ergo, all you need is data generated by market action. Let's join and discuss the technical analysis in depth on particular stock with the traders all over the world.

Friday, 8 July 2011

KURASIA (5097)

ADX signal flat still above 40 :)
The Average Directional Index (ADX) indicator depicts the strength of a trend, and does not differentiate between an uptrend or a downtrend. ADX indicator values above 40 indicate a strong trend, while ADX values below 20 indicate a sideways trading range.
An ADX move below 40 from above indicates a trend slowing down. An ADX move above 20 from below indicates a new trend forming.
Posted by XTrader at 08:53
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