No problems mate, same here, always out to learn, or try...

No problems mate, same here, always out to learn, or try something new that can help me. Hopefully I get it right, but open to any correction from the more learned contributors on this forum.

I use ADX/ADXR in combination with a few things, such as the DMI+ and DMI- as well as the RSI and MACD to name a few.So the ADX stands for "average directional index" and it serves as an indicator when the price is trending strongly. So in essence it shows you how strong the trend is. It really is the difference between the DMI+ and DMI-.
ADXR stands for "Average Directional Movement Index Rating". ADXR just shows the difference in the change momentum of the ADX, so it is period based. You set the period of change to consider, so if you set it to 0 it really is just the ADX. In essence the ADXR is a lag indicator for the ADX.
I use the cross over for some shares (not all works perfectly, hence I use it with a number of other indicators) to tell me when we have a “possible upcycle in progress”. Having said that, you need the ADX to be at 25 or more to show some kind of strength in the trend, being conservative and using some observation over time, I recon 35-40 is better indication of a strong trend (for IMU anyway, this can be different from share to share).
Investopedia explains some of it well. https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp

Below a 3 year view of instances I found where all the indicators lined up for IMU, RSI >50% (I like 70% better), ADX crossed above ADXR, MACD positive DMI+ crossed above DMI- (dashed vertical line). I added a following, solid line, where they cross back over and we see a price reduction event. So really it may indicate entry and exit points.


Example hourly chart: if you look at the hourly chart and you use the 35-40 ADX value as a strong trend indicator level, RSI above 50%, MACD positive, ADX above ADXR and DMI+ above DMI-, entry would have been around $0.128 to $0.133, exit would have been Tuesday between 12:00 and 13:00 at $0.148. Now to do that you need steel and watch it every minute. Not having the time to do that currently, I keep to using it for the larger long term views of entry and exit when I need to.


I suggest you also ask some of the Day traders that know their stuff, @slick and company, on their opinion regarding how well it works on the short term trades, its not really my forte.