In line with my previous posts, the following.
I added my own version of longer term trend on the price action, notice on both the 5min and 1h chart price tend to move up when thick lime line is above thich red and visa versa.
I also added a line at 25 on the ADX, notice that when ADX, +DI and-DI are below this line the market is very flat or in a range.
On RSI I added a line at 50, read my previous post on this.
Notice that when both RSI and ADX plus +DI are above the added lines then probability of an long move is much higher. When RSI and is below the lines plus ADX and -DI above then probability of short move is great.
Remember that the ADX line itself is only an indication of the strength of the trend and not direction. The +DI and -DI give the direction.
Notice I have added a template in the previous post for this.
Regards
I added my own version of longer term trend on the price action, notice on both the 5min and 1h chart price tend to move up when thick lime line is above thich red and visa versa.
I also added a line at 25 on the ADX, notice that when ADX, +DI and-DI are below this line the market is very flat or in a range.
On RSI I added a line at 50, read my previous post on this.
Notice that when both RSI and ADX plus +DI are above the added lines then probability of an long move is much higher. When RSI and is below the lines plus ADX and -DI above then probability of short move is great.
Remember that the ADX line itself is only an indication of the strength of the trend and not direction. The +DI and -DI give the direction.
Notice I have added a template in the previous post for this.
Regards