This video showcases a fantastic all round use indicator: The Directional Movement Index. Use this indicator to gauge if the market is trending or consolidating, in a strong or weak trend and finally you can use it to catch the beginning of a trend. The indicator is labeled as ‘Directional Movement’ on Tradingview.
Trending or Ranging using the ADX?: 0:48
Trend Trading using the DMI: 3:55
DMI Divergence: 10:21
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Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!