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Random article: Average Directional Index
Average Directional Index , ADX represents part of the system of Directional Movement Index and is based on filtration pursuant to paces of price change. It was first time introduced by J. Welles Wilder in 1978 in "New Concepts in Technical Trading Systems" book. ADX figures should be of immediate interest when its value is above 20 - 22. When ADX is reversed from top to bottom, current tendency loses its intensity and probability of correctional movement or reversal grows. Therefore, when ADX enters zone of extreme values, it is important to trace a probable change of trend's direction.
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Popular article: Typical Price of Moving Average
Typical Price of Moving Average represents a combination of a Simple Moving Average and Pivot Point Method. With the help of this indicator, an average price for a certain time cutting is determined. Resulted value is further matched with present price and moments for opening trades are defined. Signal for purchase is when Typical Price Moving Average crosses price chart from bottom to top. If moving average crosses price chart in the opposite direction, it is a signal for sale. Also Typical Price of Moving Average is able to serve as resistance or support level.
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