RSI & ADXRSI: Used to determine overbought/oversold conditions. ADX: Measures trend strength. Keltner Channels: Provides dynamic support/resistance levels and helps identify breakouts
The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend
The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) can work well together to give you insights into market momentum and potential reversals. Use the MACD to check the trend direction, and the RSI to find good entry and exit points based on whether the market is overbought or oversold.
