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RE: Crypto Academy / Season 3 / Week 7- Homework Post for [@kouba01] | Trading Crypto With Average Directional Index (ADX) Indicator
Hello @danielo109,
Thank you for participating in the 7th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve an 8.5/10 rating, according to the following scale:
| Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
|---|---|---|---|---|
My review :
An article with good content in which you answered all the questions effectively and with a clear methodology, but certain points must be mentioned.
- Inaccurate interpretation of the indicator and its components. But you provided a new way of how to calculate its value with a good illustrative example.
Its main purpose is to tell the strength of a trend whether it is an uptrend or a downtrend.
- The ADX indicator measures the strength of a trend and can be useful in determining whether a trend is strong or weak, depending on whether its value is high (strong trend) or low (weak trend). It does not give any information on the direction of the trend.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you very much professor @kouba01. There's one thing though. The ADX with DI+ and DI- shows the components indicated in my homework with trading view. I think it differs with some users.
With the components indicated in your lecture, it's the DMI that has those components indicating the ADX as red with me. Thanks once again.
And the other point I'm sorry you misinterpreted me. I think it was my fault though, I didn't mean it as such. I actually meant it tells the strength of the trend regardless of it being in an uptrend or a downtrend. Would make sure to make things more clear and avoid misinterpretations next time.
Thanks once again
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