High Probability Swing Trading Strategy Playbook: Highly Profitable Swing Trading Strategies for Trading Crypto, Forex and Stocks in 2024! by Teally Robb

Author:Teally, Robb
Language: eng
Format: epub
Published: 2024-04-29T00:00:00+00:00

100 TEMA (Triple Exponential Moving Average): The TEMA reduces lag more than traditional EMAs. A price crossing and closing above a 100-period TEMA signals an emerging uptrend, whereas crossing below it can indicate a downtrend.

ADX (Average Directional Index) for Identifying Trends

The ADX is a direction neutral indicator that will identify whether a market is trending or non trending. Here's how to interpret its readings:

ADX Above 25: When the ADX crosses above the 25 level, it indicates that the market is beginning a trend. This threshold serves as a signal for swing traders to start paying attention to potential trading opportunities. A reading above 25 suggests that the market is transitioning from a non-trending phase to a trending phase.

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