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Technical analysis
Also called: ADX, Average directional index
The Average Directional Index (ADX) measures how strong a trend is on a 0–100 scale, without saying which way it points. Readings above about 25 are conventionally read as a trending market and below 20 as a range.
The Average Directional Index (ADX) measures how strong a trend is on a 0–100 scale, without saying which way it points. Readings above about 25 are conventionally read as a trending market and below 20 as a range.
No. ADX describes one aspect of a company, a price or a contract, and it is best read alongside other numbers and the business itself. Jivani Markets is a research and education platform; it does not give buy, sell or hold recommendations.