RE: Crypto Academy | Season 3 | Week 7 - Homework Post for @kouba01 | Trading Crypto With Average Directional Index (ADX) Indicator
Hello @virajherath,
Thank you for participating in the 7th Week Crypto Course in its third season and for your efforts to complete the suggested tasks, you deserve a 7/10 rating, according to the following scale:
Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
---|---|---|---|---|
My review :
Good content in general, in which you took the topic seriously, and it appears through your correct answers. I noted some observations:
A simplified and understandable explanation of the indicator and its use.
The final operation is ADX = Sum of n [((DI +) - (DI-)) / ((DI +) + (DI-))] / n, So to get the correct ADX result, you need to calculate DX values for at least n periods then smooth the results.
Your answer in the fifth task was not deep also in terms of analysis and illustrative examples.
A short explanation of two ways to trade with ADX indicator, as you confined to stating generalities without going into more details.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thanks for your review.