TRADING TIPS

How to Set Up an ADX

Hubert Senters here. Got a question from Mike. Can you tell me how to setup the ADX indicator with colors a some mean line and if it simple or wilders, etc? I’ll show you how I can do it in Trade Station. I can’t do it on every platform because I don’t have every platform. I have about half of those were sold I trade with and chart on with. But let’s take a look at Trade Station because that’s my go-to. Here’s Trade Station you can see that the ADX is already at the bottom. It’s defaultly been like that. I didn’t do anything special to it. So the threshold line is going to be set to $20. That’s this green line. I’m going to blow it up so you can see a little bit easier when we talk about the indicator instead of the price action so. First off if the threshold line here is $20. if it’s below $20 it’s going to turn red and tell me hey, you may not want to mess with this thing. If it goes above the threshold line the red line will turn yellow and tell you like hey, you’re good to go, you can trade this thing. It’s in a good move. It’s in a trending environment. Here are the settings for it. It is a 14 period. The trigger line is set to 20 and then the general says it’s a wilder’s average directional movement index so wilder’s not a symbol. Now, to apply this to Trade Station is super simple. All you have to do is right click and then you go insert analysis techniques. Left click one time. And then look for ADX. Click one time. There I’ve got prompt for format. This is important. Prompt for format it’s 14, 20. I’m looking over here to the style line and I will make the ADX that thick and the trigger level that thick. All I’m trying to do is just make the lines thicker because if I don’t you won’t be able to see it. And then I’m going to hit ok and then there you go that’s what it looks like. And if you need to fiddle with any of those thicknesses you can make them thicker or thinner just you can go with that. And that’s how it works. Hopefully that helps you. I’m going to be introducing Steven Brooks Wednesday, December 16th at 7PM EST. How to Generate Weekly Income With Options. I will HYPERLINK you to the registration page. If you struggle because you’re tired of messing with complicated, convoluted hard to understand broken wing, one legged monkey butterflies with sharp truce and yellow bellies. That’s not really an option strategy but someone should do that strategy then you’ll find this refreshing. I’m going to HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.

1 Comment

  1. Joe Lavoie

    Hubert have you used ADX on TC2000 ? The ADX is not the same and has DI Period of 14 and a smother of 14.. So is not the same as what you have at trade station. I do use this with the cloud and I like your ideas. Thank you, keep up the great work.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts