What do use in your study sets to confirm if a movement has enough energy to continue it's movement after a MA crossover event?

[Mr_Wheeler]

A lot of times the cross-over events are like a rocket that starts to take off the but then falls back onto the launch pad.

 

[Joshua]

post an example chart

 

[Vorlauf]

RSI and ADX. RSI measures strength, ADX also measures strength in whichever direction the market is going. Give this a try http://tos.mx/1gmE7mO

 

[BobHug]

RSI and ADX. RSI measures strength, ADX also measures strength in whichever direction the market is going. Give this a try http://tos.mx/1gmE7mO

If you have a write-up on how to trade/interpret this study, would you be kind enough to post it? Thank you.

 

[s1111]

I use this ADX Label

input length = 14;
input averageType = AverageType.WILDERS;
#input Label_Color_Choice =  {default "gray", "white"};

def ADX = DMI(length, averageType).ADX;

AddLabel (ADX > 30, "ADX > (30) UP ",
(color.GREEN));
 #GetColor(Label_Color_Choice));
AddLabel(ADX < 20, "ADX < (20) DOWN ", #GetColor(Label_Color_Choice));
(color.RED));

 

[s1111]

I also use RSI Label

#RSI label for upper study


input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input avg_type = AverageType.WILDERS;
 
def NetChgAvg = MovingAverage(avg_type, price - price[1], length);
def TotChgAvg = MovingAverage(avg_type, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
 
def RSI = round(50 * (ChgRatio + 1),2);

 
AddLabel(1, (if avg_type == 0 then "RSI SMA" else if avg_type == 1 then "RSI EMA" else if avg_type == 2 then "RSI WMA" else if avg_type == 3 then "RSI Wldr" else "RSI Hull") + ": "+rsi+""+ if rsi==rsi[1] then " NC" else if  rsi>rsi[1] then " UP" else " DN", if between(rsi,30,70) then color.yellow else if rsi > 50 then if rsi<rsi[1] then color.dark_green else Color.GREEN else if rsi < 50 then if rsi>rsi[1] then color.dark_red else Color.RED else Color.DARK_GRAY);


#addlabel(yes,"RSI " +rsiavg, if rsiavg>70 then color.green else if rsiavg<30 then color.red else color.yellow);

######

 

[Mr_Wheeler]

If you have a write-up on how to trade/interpret this study, would you be kind enough to post it? Thank you.

Yes, it looks interesting.

 

[MerryDay]

@BobHug @Mr_Wheeler
Here are a few of the write-ups on the internet as to how to implement an ADX-RSI strategy:

ADX/RSI Strategies

https://news.yahoo.com/strategy-ser...I3ONtKa_olD7MtRG4ZgV3vB8YYffTQRrOfYwJV9GRnnXn

https://www.fxtradingrevolution.com...gy-tactically-profit-on-intraday-forex-trends

https://forexezy.com/adxrsi-the-unbeatable-forex-trading-strategy

https://usethebitcoin.com/how-to-trade-pullbacks-using-rsi-and-adx/

https://www.forexstrategieswork.com/adx-rsi-strategy-powerful-trend-trading-strategy/

The ADX/RSI represent only the trend/momentum component of your strategy. Support&Resistance and Volume are the other two basic components that every good strategy requires.

Also, remember that indicators only indicate, not predict - 99% of stock movement is based on price or volume.. Look at market and cycle and analyze consolidation/expansion periods to provide insight into market structure and price action. And evaluate if the volume is there to drive the price.