What indicators can I use to see the trend strength?
The following indicators are used to view trend strength:
- ADX – “Average Directional Index”
- This indicator determines the strength of a prevailing trend. It is important to note it provides a reading for strength of a trend, but does not show the direction of a trend.
- DMI – “Directional Movement Index”
- This indicator identifies whether there is a definable trend in the market. It can help identify if a currency pair is trending up or down.