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Hi Darren
I use something similar to alert me to new trading opportunities.
cross(PDI(8),MDI(8)) Long Alert.
cross(MDI(8),PDI(8)) Short Alert.
Then I like to see if the close is above the 50EMA for Longs or
below for Shorts.
Also also use a Trend Strength Indicator and a Weekly MACD
oscillator to determine if the trend in my favor.
I mainly use the Weekly MACD to look for signs of divergence.
Regards
Sparkie
--- In equismetastock@xxxxxxxxxxxxxxx, Darren Labrum
<darrenlabrum@xxxx> wrote:
>
> Hi there,
>
> New to the group here... Wanted to ask how some of you are using
the ADX indicator:
>
>
> TITLE: ADX System
>
> { Excellent for entering a position }
>
> {+1 if up trend -1 if downtrend }
>
> if(PDI(14)-MDI(14)>0,1,-1);
>
>
>
> Anyone using this currently and if so could you give some insights
on how this can be used effeciently?
>
>
>
> Thank you,
>
>
>
> Darren
>
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