Dimension Chain (EON)

Current price: -

24 hours price change: - (-)

Dimension Chain ADX

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the Dimension Chain. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Dimension Chain.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Dimension Chain. In this continuously updated article, we will explain the meaning and current trend of Dimension Chain. The current ADX analysis is based on the historical prices of Dimension Chain until October 20th, 2019.

In the chart below, the strength the trend is drawn, as well as the positive and negative directional indicators. The ADX (Average Directional Index) is the black line. The positive directional indicator (+DI) is the green line, and the negative directional indicator (-DI) is drawn in red.

Price chart for Dimension Chain from 10/20/2019 until 10/20/2019.

In the chart above, the development of the price for Dimension Chain is shown for the period from 10/20/2019 until 10/20/2019. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for Dimension Chain until 10/20/2019.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the Dimension Chain are listed in the table below.

Dimension Chain average directional index {%ADX%}
Dimension Chain positive directional indicator {%plusDI14%}
Dimension Chain negative directional indicator {%minDI14%}

 

Several signals can be gained from the chart above. First of all, the green line gives us an indication of the positive trend. The opposite line, the red one, indicates the negative trend for Dimension Chain.

When the green line tops the red line, the Dimension Chain is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for Dimension Chain.

Furthermore, the black line gives the strength of the current trend of Dimension Chain, both positive and negative. The higher the black line (ADX), the stronger the trend.

Dimension Chain ADX score

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. In general, when the positive directional indicator is higher than the negative directional in indicator, the trend of Dimension Chain is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.