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 The ability to identify trends in financial markets is crucial fortradersas it allows them to align their strategies with the prevailing market direction. Technical analysis offers several tools and indicators to help identify trends and generate trading signals. Among these tools, the Directional Movement Indicator (DMI) system and moving averages are commonly used. The DMI system consists of the Average Directional Index (ADX) and two directional indicators, DI+ and DI-. ADX helps determine if a market is trending or r... more