Scalping ideas (ADX and Bollinger bands)

ADX indicator readings vary with timeframe, it can be below 5 on a 1 min chart, 20 on a 5 min chart and over 40 on a 15 min chart. I usually use all 3 timeframes to enter traders and adx doesnt seem to fit into place. Any ideas?

ADX will mislead you if you try using it for all three time frames.

Instead, apply ADX only for the time frame that is used to identify the main trend. For example, if you use 15 minute charts to identify the main trend, add ADX there to also learn about the strength of the trend. Then move down to lower time frames to identify entries, but already without a help of ADX indicator.

Thomas

Thanks Andreas, for these advice, i am still a baby trader and i do have problems using bollinger bands in the lower time frame to take entries after identifying the trend in the larger time frame.

can you please advice on other INDICATORS and the SETTINGS that can be used effectively for picking entries in the lower time frame after identifying the trend in the larger time frame.

i like using 1hr or 4hr to identify and 15min to take entries.

I started looking for some good entries to suggest, but then realised, they all can be found in Simple strategies block.
Just compare different entries there, I'm sure, you'll find plenty of good ideas and I'll save some time typing :)

Thomas

Andreas. Thank you for your advise. I put ADX 14 in place in the 5 Min chart. I see three lines Blue at the top , green in the middle and red at the bottom, Which line must be above 20 to indicate strength.

The blue is ADX. Green is +DI, red is -DI.
Blue ADX line should be above 20.

Thomas

Thank you Thomas. Appreciate the Info