A new indicator I've found

I've been very bad when it comes to writing about the various technical analysis indicators. The main reason has been that I've been so happy with RSI (yes I do have repetitive strain injury as well, though I'm not that impressed with it), and to a lesser extent CCI (I haven't been looking at it very much lately).

There is a new indicator that I've found which seems to be pretty cool and I will do an analysis of it in the near future (I first need to use it a bit more). The indicator is ADX, it is basically the average of the difference between two DMI (Directional Movement) lines, by looking at the ADX line you can instantly see how much it is trending, and by looking at the DMI lines you can see which way it's trending. From my initial impressions I've found that the DMI lines are actually pretty good for getting signals right near the start of a trend.

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