Re: [Metastockusers] ADX help needed

["Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>]

Hi Sukhen

> I like ADX but I see ADX is kind of slow many times. If I reduce the 
> default parameter 14 to something else, this sometimes becomes too 
> sensitive and it (ADX) does not produce an effective solution. ADXR 
> is even slower. Is there any modified version that is more effective? 
> Hope I could explain. If no modified version is available, can it be 
> tuned anyway?
> 
> Thanks in advance.
> 
> - Sukhen

Try this formula and substitute an EMA for each Wilders()

{MetaStock code written by Equis and published in the Oct99 TASC} 
  {ADX Raw}
Periods:=Input("Enter time periods",1,100,14);
PlusDM:=If(H>Ref(H,-1) AND
L>=Ref(L,-1),H-Ref(H,-1),
If(H>Ref(H,-1) AND L<Ref(L,-1)
AND H-Ref(H,-1)>Ref(L,-1)-L,
H-Ref(H,-1),0));
DIPlus:=100*Wilders(PlusDM,Periods)/ATR(Periods);
MinusDM:=If(L<Ref(L,-1) AND
H<=Ref(H,-1),Ref(L,-1)-L,
If(H>Ref(H,-1) AND L<Ref(L,-1)
AND H-Ref(H,-1)<Ref(L,-1)-L,
Ref(L,-1)-L,0));
DIMinus:=100*Wilders(MinusDM,Periods)/
ATR(Periods);
DIDif:=Abs(DIPlus - DIMinus);
DISum:=DIPlus + DIMinus;
100*Wilders(DIDif/DISum,Periods);


Kind regards

Roy Larsen
www.metastocktips.co.nz
Free formulas and MS links

----- Original Message ----- 
From: <sukhen@xxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Friday, December 17, 2004 8:15 PM
Subject: [Metastockusers] ADX help needed


> 




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