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RE: Steemit Crypto Academy Season 3-Week 7 | Trading Crypto With Average Directional Index (ADX) Indicator | Homework for professor @kouba01

in SteemitCryptoAcademy3 years ago

Hello @atulboss,
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 6/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(1/2)
(1.5/2)
(1/2)
(1/2)
(1.5/2)

My review :

An acceptable work in which the topic was discussed in all its aspects through answers of varying accuracy, some of which lack depth in the analysis, which loses the work's critical dimension in some paragraphs.

  • Your presentation of ADX indicator was simplified and clear but you did not provide an illustrative and practical example of how to calculate it.

  • Determining the best settings mainly depends on the trading strategy that the trader is willing to use.

Yes! We definitely need to add DI+ and DI- indicators to trade with ADX.

  • The ADX can be used without the DMI, but the DMI makes it easier to read the indicator. The DMI shows the direction of the market. How it works is that it measures highs and lows over a period of time.

  • You did not well explain how it is possible to extract the false signals based on ADX indicator.

  • The rest of the questions did not go into depth analysis.

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01

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Thanks sir for evaluating my homework :)