iMACD and ADX Indicator

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In this video tutorial, we will combine the iMACD and ADX Indicator.

This is surely an interesting strategy especially when we bring in a proven and reliable indicator in the ADX indicator.

So let’s start and get to work on this strategy.

What we look for in this strategy is crossover of the 2 lines (the positive directional index and negative directional index) in the ADX indicator.

At the same time, we want the iMACD Histogram to be moving above the zero line into positive buying territory.

These are the main things we look at in this strategy.

If you want to take things more conservatively, then we can get further confirmation by having a green bar…to get confirmation from the market sentiment is good for entry.

And of course, always check the key resistance level to make sure that you are not entering into a brick wall.

Straight forward strategy and it’s been good for us in our own trading.

Similar in the short position, we work on the same rules.

First, we want to find a cross over between the 2 lines.

Next, we want to see the iMACD Histogram moving below the zero level.

3rd criteria is to see a red price bar for confirmation that the market sentiment is bearish.

And finally, we check the for the key support level to make sure we enter into position only to struggle with a strong support line.

As we have said many times in past tutorials, trading really is quite simple and does not have to be complicated.

Sometimes, there are many marketers in the Forex world trying to push their overpriced indicator... which we really see as unnecessary.

The strategies we have shared here with you are all good strategies that can be implemented easily for consistent profit.

You just really need to practice and stay discipline to these learning and you will do just fine.

With this strategy out of the way, we will see you in the next video.