ADX - Average Directional Index
ADX (Average Directional Index): The Average Directional Index (ADX) is a technical indicator used to measure the strength of a trend, regardless of its direction. It ranges from 0 to 100, with higher values indicating a stronger trend. While ADX does not indicate the trend direction, it is often used alongside the +DI and -DI (Directional Indicators) to provide a complete picture of trend direction and strength. It is commonly used to identify whether the market is trending or ranging.