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18 and 20 are interchangeable. But, I like the 40 because it helps in multiple timeframe signals. In addition, it is the 200 on the next lower timeframe. 200 days = 40 weeks.
Hi sir, I closely follow your analysis, in fact for quite some time now. I feel the ADX is not serving any real purpose. Even if you use only MACD, I feel it's sufficient. Mathematically, both are derivative functions of price. ADX is not giving any additional advantage or confirmation. It makes the chart messy. Can you please comment on this?
5 minutes in and still no rule. If you're going to talk about a rule shouldn't you first clearly state the rule? Don't short when the market makes a new higher high and adx is above 25? Wait to short when adx is below 25? Wait for an adx divergence below 25 to short? Go long when adx falls below 25? What is the one rule??!
I thought it was pretty clear. Apologize if it did not come across that way to you. Don't fight strong ADX reading even if MACD is showing divergence. There are other things to learn off this video but that was the main point.
📈 Click Link to Learn About Joe's Services, Courses and Book: rabilstockresearch.com/
👀 See what better financial charting can do for you!
Start your FREE 1-month trial today at stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
I always learn something new. This video was refreshing thanks
That’s great to hear. I appreciate the feedback!
Oh had no idea ADX had a 30 lvl as well. Same with the DMIs
Really good video, waiting for more
Great! Good to hear!
Great work!
Thanks!
can u plz tell what are the settings for ADX on daily timeframe ?
I enjoy your content and CRUSH that like button before you start to speak every time.
Thanks! I appreciate it!
Great analysis! Always learning. If I may ask, why do you select 18 & 40 sma's rather than 20 & 50 sma's ? thanks
18 and 20 are interchangeable. But, I like the 40 because it helps in multiple timeframe signals. In addition, it is the 200 on the next lower timeframe. 200 days = 40 weeks.
@@investlikeapro7977 many thanks! Looking forward to more of your videos!
Hi sir, I closely follow your analysis, in fact for quite some time now. I feel the ADX is not serving any real purpose. Even if you use only MACD, I feel it's sufficient. Mathematically, both are derivative functions of price. ADX is not giving any additional advantage or confirmation. It makes the chart messy. Can you please comment on this?
ADX provides great insights that MACD cannot. These indicators are computed differently. You should go back through old lessons on ADX.
Can you conver Zs for next weeks video please?
Yes. Will do.
5 minutes in and still no rule. If you're going to talk about a rule shouldn't you first clearly state the rule? Don't short when the market makes a new higher high and adx is above 25? Wait to short when adx is below 25? Wait for an adx divergence below 25 to short? Go long when adx falls below 25? What is the one rule??!
I thought it was pretty clear. Apologize if it did not come across that way to you. Don't fight strong ADX reading even if MACD is showing divergence. There are other things to learn off this video but that was the main point.