Bigtrends – Next 3 Indicator Boot Camp
In the first session of the Next 3 Indicator Boot Camp, Price critically dissects both Directional Movement Indicator (DMI) and Average Directional Movement (ADX). Defining directional movement and the concept of “true range” is an absolutely essential facet of Price’s trading style and in this session, you will learn DMI and ADX rules for bullish and bearish confirmations and retests complete with instruction on the DMI “kiss” for low-risk entries and the ADX “bend” for tightening your trailing stops.
After covering DMI and ADX in the first session of the Next 3 Indicator Boot Camp, the second class sees Price turn his attention to DMI Difference. Over his years of trading, Price has found DMI Difference to be an excellent guide to catch likely spots for a trend move to stop or reverse and in this video, he will teach you not only how to calculate DMI Difference but also how you can use it to spot the truly huge trends that other indicators may miss.
In the final session of the Next 3 Indicator Boot Camp, Price shifts his focus to the Efficiency Ratio indicator. Knowing the difference between a volatile stock and an efficient stock is vital to success in trading and this class will detail all you need to know about the Efficiency Ratio formula (with a particular emphasis on net moves relative to total price moves) so that you can incorporate this very useful indicator into your market scanning.