Hello @eloksjoseph,
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 5.5/10 rating, according to the following scale:
| Originality | Compliance with topic | Consistency of method | Quality of analysis | Clarity of structure & language |
|---|---|---|---|---|
My review :
Work with average content, as part of your response was limited to stating information without analyzing it, resulting in a loss of critical work.
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 to the second question was not deep in terms of analysis and providing examples of several positions for the two lines.
The same goes for how to extract the false signals and determination of breakout points by using the ADX indicator.
A superficial explanation of two methods of trading 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