Disliked{quote} PIPS TX. Dearest Mr. Alien, fellers, i've been long time lurker since the beginning. if I may ask please.... Is there any way to quantify an adx and a direction better than it was or wasn't greenish or reddish or squiggly or sloping enough? i humbly ask you all because i am finding it difficult to read the indicators charts posted due to only my own fault. I for one would be forever grateful and sincerely more comfortable with actual mathematical, numerical rules, and if possible alerts for all kinds of good reasons. Specifically regarding...Ignored
Regarding the issue of ADX compression/expansion, I consider this indicator to act like the tachometer on a car which indicates how fast the engine is revving up. It tells us when there is power in the market driving price without regard to direction up or down (except for the ADX histogram). The Stochs and RSIoma will give us the direction and clues as to when the power waves may be coming to a rest or reversal.
I'm still learning and reading and haven't begun posting charts here yet, so perhaps others more experienced with this system can give you some guidance. But I would say that if you've been following this thread since December 2013, but haven't posted any charts...then I'm fairly certain Alien would suggest that you begin sharing your charts and discussing setups here in the thread so he and others can assist you in some of these things.