ADX vs RSI

M

MrAgi1

What is the difference between the RSI and ADX indicator?
I attached two images below. CHFJPY is the fx pair with the highest ADX value and EURTRY is the fx pair with the highest RSI value (Excluding exotics; Major and minor fx pairs only).

F9D377CF-BEBE-4A09-B2CB-CD6DF76CBE92.jpeg


The above chart is the fx major/minor pair with the highest RSI value.


64DA61BC-CC91-4FB3-B990-FFDB9B6458AD.jpeg

The above chart is the fx major/minor pair with the highest ADX value.

I know the ADX is a trend strength indicator and the RSI is a momentum indicator, so what is the difference between trend strength and momentum?
If both are the same then I should have had the same fx pair above, however, I got different fx pairs.
 
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MrAgi1 said:
What is the difference between the RSI and ADX indicators?

I know the ADX is for trend strength and momentum is for the RSI.

But trend and momentum is all about the trend, so what is the difference?


I attached two images. I scanned the Fx majors/minors market for the currency pair with the highest ADX and RSI value.

View attachment 259581

The above chart is the fx major/minor pair with the highest RSI value.


View attachment 259583
The above chart is the fix major/minor pair with the highest ADX value.


I did not get the same fx pair for RSI&ADX indicator, Although one thing is common; they both trend a lot.
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%%
The difference is both dont work well in good trends..........................................
 
Who said both are the same?

MrAgi1 said:
I know the ADX is a trend strength indicator and the RSI is a momentum indicator, so what is the difference between trend strength and momentum?
If both are the same then I should have had the same fx pair above, however, I got different fx pairs.
More...
 
traider said:
No difference. Both are almost useless
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I actually don't believe in the predictive power of any indicator. However, I need an indicator that can show that an fx pair has been trending. I need this information for research and not to make any prediction of market direction. So that is why I am using the RSI and ADX for trend detection. If you know any other indicator that shows the amount of historical trend you can please tell me.
 
MrAgi1 said:
I actually don't believe in the predictive power of any indicator. However, I need an indicator that can show that an fx pair has been trending. I need this information for research and not to make any prediction of market direction. So that is why I am using the RSI and ADX for trend detection. If you know any other indicator that shows the amount of historical trend you can please tell me.
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I used to have hundreds of indicators.
I cut it down to zero.

how to determine when currency / forex is trending?

when there is major news / events, currency will move.
eg when there was Brexit thing, GBP would move.
of course, brexit thing is over.

currencies used to move with stock markets.
when the stock market was up, eur, gbp, aud would go up.

past few weeks, currencies hardly move.
about 10 years ago, currencies moved tremendously.
during those days, it was much easier to earn money by trading currencies.

look at today EURUSD.
it seems like it is trying to beat the record to achieve the smallest day range.
 
maxinger said:
right.
Both are totally useless.

Professional talkers like to talk about it because
the students are expecting to hear some magical indicators
from the professional talkers.
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Yes, I actually don't believe it is possible to predict market direction with indicators or chart patterns. However, I want to find the amount of trend in each fx pair. It's for research purposes, that is why I am using the ADX and RSI. There might be another indicator that shows the trendiness of the fx pairs better but I don't know of any other.
 
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