Question: ADX is a good indicator?

Question: ADX is a good indicator?

Answer

There are no good or bad indicators. There are traders who are able or not able to apply them. For the oscillator to give effective signals, you need:

• Choose for a specific currency pair such a period and timeframe, on which the percentage of effective signals will be maximum.
• Learn to visually and intuitively determine the moments of occurrence of accurate signals. For example, ignore signals at the time of a flat or at the moments of influence of fundamental factors on the price.
• Combine the index with other indicators and graphical analysis