|ProShares UltraPro 3x Short Crude Oil -- USA Etf|| |
USD 12.57 0.48 3.97%
ProShares UltraPro momentum-indicators tool provides you with the Momentum Indicators execution environment for running Average Directional Movement Index indicator against ProShares UltraPro. Momentum indicators of ProShares UltraPro are pattern recognition functions that provide distinct formation on ProShares UltraPro potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.
The output start index for this execution was eleven with a total number of output elements of six. The average directional index (ADX) measures the strength of a prevailing trend of ProShares UltraPro 3x and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low ProShares UltraPro ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator View also all equity analysis
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momentum indicators indicator.