RE: Crypto Academy Season 3 Week 7 Homework Post for (@kouba01) Trading Crypto With Average Directional Index (ADX) Indicator
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:
| Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity 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.
Sincerely,@kouba01
Thanks professor. I wish you good luck in your work.