Doesn't that just kinda tell whether the price break out or not (no longer overlapping)? If I see price breakout strongly ADX will go up after the fact... but it doesn't really provide new information??
=========== RedW; It depends on several things; take liquid markets like SPY, ES. 5 cents is usually just noise in SPY, unless its in a sloppy sideways trend,non printable noise for sure in ES, minimum tick=00.25 So while dont like to give up a profit in intraday trading; ======================================= 5 cents is noise ,not a trend. 00.25 is noise in ES, but actually took that number earlier this week, cause dont want a profit turned into a loss & looked like it wasnt going to hit target A scalper may use that nickle target , my scalps are usually failed trend moves .LOL On ES enter a profit target in IB traders workstation for a certain number of points like today; & may RE-enter ,later.a smaller or larger target depending ......... Or may exit for a predertermined loss like earlier this week in ES Experience , moving averages, more years the better to id a trend/friend; PSAR [parabolic stop & reverse]helps, not used in a mechanical way, but as a principal , of SNUGGING stops as time gets closer to end of day,flat in ES. Wisdom is profitable to direct
======================= Helpful points; and another way to identify a good trend in liquid markets like ES,SPY, the better trends dont pull back much- long or short. Dont consider a sloppy trend to be a good one even if it ends up making a good move; lots ,lots,lots of study of average ranges, of hourly candles...., can also help in letting resason over rule emotions. Kick it out if its not working right; ,or starts getting sloppy, especially late in day , if the plan calls for daytrading. Plenty of opportunities in liquid markets