What is ADXcellence?
ADXcellence™ is a trend trading system developed by Dr. Charles B. Schaap (TraderDoc) and introduced in his book, ADXcellence (StockMarketStore.com). The system is based on the ADX (and DMI) indicator which measures trend strength and direction. ADXcellence™ seeks to trade the strongest trends, thereby minimizing risk and achieving greater profits in a shorter period of time. (Read the Table of Contents by clicking here.) ADX/ Directional Movement Index (DMI)
What is ADX? Click here for a chart showing ADX/ DMI profit opportunity.
ADX is the Average Directional Movement Index which was created in by J. Welles Wilder. ADX is usually plotted in a chart window along with two DMI (Directional Movement Indicator) lines. ADX is mainly used to quantify trend strength. However, the unique combination of indicator lines also gives a visual representation of trend direction, momentum, and volatility.
How Does It Work?
In his book, ADXcellence, Dr. Schaap presents new concepts for using ADX/DMI for trading the strongest trends (power trends). The book gives six well-defined strategies with detailed setups for trading power trends. Why use ADX? ADX tells us when the trend is strong and worth trading; it also tells us when the trend is too weak. The DMI lines give us a simple way to know when to be long and when to be short.
Is ADXcellence for Me? Read Book Reviews. Click Here
ADX is a indicator found on most charting programs, and it is used by many professional traders. Dr. Schaap’s book presents the material in an easy to understand way, and beginners can also learn the material quickly. Advanced traders will find ADXcellence™ to be a great addition to their trading toolbox. It can be used as a stand alone system or combine with other approaches. ADXcellence™ works well for stocks, options, futures, and currencies.
Average Directional Movement Index
How Do I Learn More?
The book is comprehensive, and you will have the tools you need after reading the material and studying the examples. This website posts educational charts for traders to study. For more information, you can email Dr. Schaap at Schaap5050@yahoo.com.
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Learn everything about ADX, the Average Directional Movement Index
Contact Candy Schaap TraderDoc5050@yahoo.com You can purchase the book from www.stockmarketstore.com or Amazon.com Sign up for the Journal for Excellence in Trading right here.
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What a great idea! I bought the book Invest with Success and it should be interesting to share trading ideas. The site posts a lot of chart lessons, but sometimes I have a question so I am on board here.
ReplyDeleteTag your favorite product, Dr. Schaap’s books! at Amazon – click here and be heard!
ReplyDeleteThis is Dr Schaap's Other book - ADXcellence. This is a comment form Amazon.com
ReplyDeleteI really wish I had purchased this book at the beginning of my trading career. this would have speeded up my learning by light years. Overall an excellent solid trading book that teaches you how to trade using price action, the fundamentals of price movement, trend, and adx.the ADX is a wonderful indispensable indicator.
solid timeless work...thanks charles schaap for writing this!