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RE: Crypto Academy Season 3 Week 7 Homework Post for (@kouba01) Trading Crypto With Average Directional Index (ADX) Indicator

in SteemitCryptoAcademy2 years ago

Hello @tht,
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 a 10/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language

My review :

An article with excellent content in which you have provided a set of useful information to answer the questions posed, and I took some notes :

  • A good and understandable explanation of the indicator and its components.

ADX = Sum of n [((DI +) - (DI-)) / ((DI +) + (DI-))] / n
ADX = 14 [((0.714) - (0.142-)) / ((0.714 +) + (0.142-))] / 14
ADX= 1.49

  • To get the correct ADX result, you need to calculate DX values for at least n periods then smooth the results.

  • In the last question your answer was clear and your choice is convincing.

Thanks again for your effort, and we look forward to reading your next work.


Thanks professor. I wish you good luck in your work.

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