THD ADX
The TradersHelpDesk easily identifies whether the DMI+ or DMI- is dominant, plus identifies when the market is trending using the ADX line. Since the ADX is a non-directional indicator, strong trends should show an increasing ADX line. Additionally, whenever the magenta dot is plotted, traders can expect price to retrace. If the ADX is above 70, then a stronger retracement is likely. For more information, click here.