21st May 2022

ADX Scans

ADX Scans

ADX indicator is used to measure the strength of the current Trend. In the ADX Scan, when a stock is moving with increasing ADX, it’s considered to be a strong trend.

ADX Scans

When ADX crosses above 25 and starts rising, we consider it the beginning of the Trend. When ADX crosses above 40 and starts rising, we consider it Continuation of Strong Trend. 

Features available in the ADX Scans

The ADX Scans EOD is used to understand the trend of a particular stock. The ADX Scans will provide you with information about ADX cross 25, ADX cross 40, ADX uptrend, ADX downtrend. 

ADX Scans – Column reference

Here you can get to know about all the columns present in the ADX Scans feature.

  • Symbol: A stock symbol is a unique series of letters assigned to a security for trading purposes. If you click on any stock symbol, you can view detailed stock information.
  • LTP: Last Traded Price (LTP) stands for the price of a stock on which the last transaction or trade occurred. LTP of a stock is a number of the past. You can see LTP, change and change % of a particular at the same place.
  • ADX Value: The ADX Value will show you the data of the ADX level of a particular stock. If the value of ADX is less than 25 then it has a weak trend and if it is more than 25 then it has a strong trend. The ADX column is sorted from high value to low, you can click on it to sort low to high value. 
  • ADX: The ADX column will show you the trend of a particular stock whether it is rising or falling according to ADX levels.

How to use ADX Scans EOD?

The ADX scans EOD is generated at the end of the day after the market closes. It shows you the data on which stock will underperform or overperform in ADX levels. When a stock is moving with increasing ADX, it’s considered to be a strong trend. When ADX crosses above 25 and starts rising, we consider it the beginning of the Trend. When ADX crosses above 40 and starts rising, we consider it Continuation of Strong Trend.

ADX Scans EOD – Example

Let us take an example of the “SFL” stock trend in tradingview using the ADX indicator.

ADX Scanner Example

In the above image, you can see the adx level of SFL stock is 61.61. By this you can understand the trend in the end of the day analysis.