ADX for majors
- Indicators
- Nikolai Starkovskii
- Version: 1.0
The "ADX for majors" indicator is a technical tool used to measure the strength of major currency pairs in the Forex market. It is based on the Directional Movement Index (ADX), which allows you to determine the strength of the trend and its direction.
This indicator helps traders know how active the price movement is in the market at a given time. In addition, "ADX for majors" provides a signal about a change in the leader among major currencies, which can be useful information for making a trading decision.
Traders can use this indicator to determine the moments of entry and exit from trades on cross rates.
For example, you received a signal about the leadership of NZDUSD (growth). This means that NzdChf needs to be bought, and AudNzd needs to be sold.
Happy trading!