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Wednesday, April 12, 2006 5:11:04 PM
Average Directional Index (ADX) - A technical indicator system that attempts to quantify how strongly a stock is trending.
When ADX begins to strengthen from below 20 and/or moves above 20, it is a sign that the trading range is ending and a trend could be developing.
We have a very strong trend at nearly 60.
http://stockcharts.com/education/IndicatorAnalysis/indic_ADX.html
ADX combines +DI with -DI and then smooths the data with a moving average to provide a measurement of trend strength. Because it uses both +DI and -DI, ADX does not offer any indication of trend direction, just strength. Generally, readings above 40 indicate a strong trend and readings below 20 a weak trend. To catch a trend in its early stages, you might look for stocks with ADX that advances above 20. Conversely, an ADX decline from above 40 might signal that the current trend is weakening and a trading range may develop.
Accumulation/Distribution and CMF are as strong as ever.
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