For detecting trending conditions, I've heard that the ADX is ineffective below H1. Is this true?
Playing around with EURUSD in M30, i see some success with a period of 20 and a threshold of 40. Is that to be expected, or is this a fluke?
Asking anyone with ADX experience: from your understanding of the relative 'noise' of M30 (compared to H1), are such settings (a higher period and a higher threshold) a logical approach to getting clearer signal, or is this more likely a random fluke?
Thanks in advance!
Playing around with EURUSD in M30, i see some success with a period of 20 and a threshold of 40. Is that to be expected, or is this a fluke?
Asking anyone with ADX experience: from your understanding of the relative 'noise' of M30 (compared to H1), are such settings (a higher period and a higher threshold) a logical approach to getting clearer signal, or is this more likely a random fluke?
Thanks in advance!