0x (ZRX)

Current price: $ 0.37

24 hours price change: $ -0.04 (-10.09%)

0x - Average Directional Index

The Average Directional indicator (or ADX) is a directional trading indicator that is used to identify a technical trend, in this case of the 0x. The trend that is being identified, can be both a positive trend as a negative trend in the pricedevelopment of 0x.

The ADX was primarily developed for commodities, however it is also in use for stock and currency technical analysis, as well as for 0x. In this continuously updated article, we will explain the meaning and current trend of 0x. The current ADX analysis is based on the historical prices of 0x until July 4th, 2020.

In the chart below, the strength the trend is drawn, as well as the positive and negative directional indicators. The ADX (Average Directional Index) is the black line. The positive directional indicator (+DI) is the green line, and the negative directional indicator (-DI) is drawn in red.

Price chart for 0x from 01/03/2020 until 07/04/2020.

In the chart above, the development of the price for 0x is shown for the period from 01/03/2020 until 07/04/2020. This same timeframe has been used in the average directional indicator chart below.

Average directional indicator for 0x until 07/04/2020.

In the charts above, you can see the trends of the ADX, +DI and -DI. The current values of these three indicators for the 0x are listed in the table below.

0x average directional index 9.21
0x positive directional indicator 62.14
0x negative directional indicator 36.76


Several signals can be gained from the chart above. First of all, the green line gives us an indication of the positive trend. The opposite line, the red one, indicates the negative trend for 0x.

When the green line tops the red line, the 0x is in a positive trend. However, when the situation turns around, the trend has also changed to a negative trend for 0x.

Furthermore, the black line gives the strength of the current trend of 0x, both positive and negative. The higher the black line (ADX), the stronger the trend.

0x ADX score

The Average Directional Index (ADX) is used to measure the strength or weakness of a trend, not the actual direction. In general, when the positive directional indicator is higher than the negative directional in indicator, the trend of 0x is assumed to be positive. An important signal is when the -DI (red line) and +DI (green line) crosses over.

The 0x currently follows a positive trend. For 0x, the positive directional indicator is 62.14. The value for the negative directional indicator is lower (36.76). This means that the current trend of the 0x is positive.

To measure the strength of the current trend, we look at the ADX. The value of the ADX for 0x  is 9.21, meaning that the trend is very weak. The ADX for 0x does not give us a good indication to start buying or selling 0x.

To get a good signal to buy 0x, we have to wait until the trend gives us a higher ADX value in the current positive trend.


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