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.

How to add indicators in Trading Station or MetaTrader 4.