RE: Steemit Crypto Academy Season 3-Week 7 | Trading Crypto With Average Directional Index (ADX) Indicator
Hello @davchi,
Thank you for participating in the 7th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve an 8.5/10 rating, according to the following scale:
Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
---|---|---|---|---|
My review :
An article with good content in which you answered all the questions effectively and with a clear methodology, but certain points must be mentioned.
- A good and clear explanation of the indicator and its components.
The ADX on the norms has the input 14 as it's default setting, the input 7 as it's short time frame and input 35 as it's long time frame and amongst these input strategies,
First, I want to mention that there is a difference between the period of ADX and the timeframe used in the graph.
Also another remark, it is recommended not to exceed the range from 7 to 30 periods. As always, the lower the periods, the more entry points from which false signals can occur, and too much will jump a good portion of the trend, as there can be many cost-effective options.A superficial explanation of two ways to trade with ADX indicator, as you confined to stating generalities without going into more details.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Wow, thanks for going through professor, your presence is my pleasure.