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excerpt from "ADXcellence":  One night in Las Vegas, my wife and I had dinner with our good friend Ed Dobson... Somewhere between the chianti and linguini, I mentioned ADX and the research I had done with it. Ed said he would love a book on ADX and urged me to write."  The rest of the story is in this book.

ADX Strategies   TradeStation and eSignal are fine trading platforms. Dr. Charles B Schaap uses Trade Station. In his book ADXcellence, Dr. Schaap has made rules you can trade with – understand ADX better. Learn how to put it all together. ADX/ DMI indicator is a trend indicator used by professional traders.   What is ADXcellence?    ADXcellence™ is a trend trading system developed by Dr. Charles B. Schaap (TraderDoc) and introduced in his book, ADXcellence (StockMarketStore.com, 2006). The system is based on the ADX (and DMI) indicator which measures trend strength and direction. ADXcellence™ seeks to trade the strongest trends, thereby minimizing risk and achieving greater profits in a shorter period of time. (Read the Table of Contents by clicking here.)     ADX/ Directional Movement Index (DMI)   What is ADX?  Click here for a chart using ADX/ DMI.   ADX is the Average Directional Movement Index which was created in by J. Welles Wilder. ADX is usually plotted in a chart window along with two DMI (Directional Movement Indicator) lines. ADX is mainly used to quantify trend strength. However, the unique combination of indicator lines also gives a visual representation of trend direction, momentum, and volatility.   How Does It Work?  Click here for a Power Trend at work.   In his book, ADXcellence, Dr. Schaap presents new concepts for using ADX/DMI for trading the strongest trends (power trends). The book gives six well-defined strategies with detailed setups for trading power trends. Why use ADX? ADX tells us when the trend is strong and worth trading; it also tells us when the trend is too weak. The DMI lines give us a simple way to know when to be long and when to be short.   Is ADXcellence for Me?     Read Book Reviews. Click Here   ADX is a indicator found on most charting programs, and it is used by many professional traders. Dr. Schaap’s book presents the material in an easy to understand way, and beginners can also learn the material quickly. Advanced traders will find ADXcellence™ to be a great addition to their trading toolbox. It can be used as a stand alone system or combine with other approaches. ADXcellence™ works well for stocks, options, futures, and currencies.  Average Directional Movement Index   How Do I Learn More?   To use the system properly, you must establish a foundation of knowledge as explained in the book, ADXcellence. Fortunately, the book is comprehensive, and you will have the tools you need after reading the material and studying the examples. This website posts educational charts for traders to study. Dr. Schaap also speaks at various trading conferences and holds seminars to teach the ADXcellence™ system. For more information, you can email Dr. Schaap at Schaap5050@yahoo.com.

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