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Here is a screen that displays buy and sell trading signals using a system that works with the Average Directional Index (ADX), the Positive Directional Indicator (PDI) and the Negative Directional Indicator (MDI).
The screen creates buy and sell columns. A value of one in a cell under the buy column means that the system generated a buy trading signal for the corresponding stock or security. A value of zero means that no signals were generated. The system generates a buy signal based on the ADX and positive momentum and a sell signal based on the ADX and the diminution of this momentum.
The ADX is a technical analysis indicator that measures the strength of a trend and helps us determine whether the trend is strong or weak. It is strong when the ADX value is high and weak when this value becomes low. The ADX trading indicator is usually used with two other technical indicators, the positive directional indicator, PDI, and the negative directional indicator, MDI. The former is calculated by taken the exponential moving average (EMA) of the Plus directional movement (PDM - plus_dm) and then dividing it by the EMA of the true range. The latter is calculated the same way but it uses the Minus directional movement (MDM - minus_dm) instead of the PDM.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
