We can find up and down trend using moving averages, adx etc. but is their a way to tell whether a market or a share is moving sideways or not; quantitatively?.
We cannot find uptrend and downtrend using ADX.
ADX is denoting uptrend because.. the stock is trending with higher high's.
Does ADX indicate uptrend if stock is not moving up ? NO.
Can we stop ADX not indiciating uptrend when stock is moving up ?? NO ..
Having said this, i dont means ADX is useless.
Some indicators like MA's will smoothen out uneven price movements and present the overall picture in a useful way.
Some indicators will measure the momentum in price move and give a picture on strength of the trend.
Different indicators ..diffeent formulaes ..but NOTHING CAN PREDICT THE MoVE ACCURATELY///
** pls dont think that my answer was different to your question. I think i just said it other way.