The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the Maximine Coin. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of Maximine Coin.
The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for Maximine Coin. In this continuously updated article, we will explain the meaning and current trend of Maximine Coin. The current ADX analysis is based on the historical prices of Maximine Coin until September 26th, 2023.
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.
In the chart above, the development of the price for Maximine Coin is shown for the period from 06/06/2023 until 09/26/2023. This same timeframe has been used in the average directional indicator chart below.
In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the Maximine Coin are listed in the table below.
|Maximine Coin average directional index||13.59|
|Maximine Coin positive directional indicator||44.67|
|Maximine Coin negative directional indicator||52.32|
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 Maximine Coin.
When the green line tops the red line, the Maximine Coin is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for Maximine Coin.
Furthermore, the black line gives the strength of the current trend of Maximine Coin, both positive and negative. The higher the black line (ADX), the stronger the trend.
Maximine Coin 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 Maximine Coin is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.
The Maximine Coin currently follows a negative trend. For Maximine Coin, the positive directional indicator is 44.67. The value for the negative directional indicator is higher (52.32). This means that the current trend of the Maximine Coin is negative.
To measure the strength of the current trend, we look at the ADX. The value of the ADX for Maximine Coin is 13.59, meaning that the trend is very weak. The ADX for Maximine Coin does not give us a good indication to start buying or selling Maximine Coin.
To get a good signal to trade Maximine Coin, we have to wait until the trend gives us a higher ADX value in the current negative trend.