π How To Use The ADX And DI in 2 Steps πͺπ
π How To Use The ADX And DI in 3 Steps πͺπ by lubosi on TradingView.com Using the Average Directional Index (ADX) and Directional Movement Index (DI) -- in stock trading, technical analysis can help you identify the strength of a trend. -- Here's a two-step process to scan for stocks using the ADX DI indicator: -- **Step 1: Find Stocks with Strong Trends** -- 1. **Select a Stock Screener:** - Use a stock screener tool or platform that allows you to filter stocks based on technical -- indicators. Many brokerage platforms offer this feature. -- 2. **Set the ADX Filter:** - Look for stocks with a high ADX value. Typically, an ADX above 25 is considered to indicate a strong trend. -- You can adjust this threshold based on your risk tolerance and trading strategy. -- **Step 2: Confirm the Trend Direction** -- 1. **Examine the Directional Movement Indicators (DI+ and DI-):** - Within the stocks that pass the ADX filter, -- pay attention t...