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Re: [EquisMetaStock Group] Help needed with indicator selection



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Vladimir,

I've taken a look at these indicators but not sure which ones to use 
together and how I should be intrepreting the results.  

Can you advise please?

In Metastock, there are:

Dynamic Momemtum Index DMI
Directional Movement DX
Directional Movement ADXR
Directional Movement ADX
Directional Movement +DI
Directional Movement -DI

How would I go plotting these?  ie? In the same window? and what 
would suggest a buy or sell signal? When one line crosses the other 
(as in MACD?)

Thanks for any help.....


--- In equismetastock@xxxxxxxxxxxxxxx, "vlad" <entinv@xxxx> wrote:
>
> Try combination of DMI+  DMI- and ADX.
> 
> Regards,
>     Vladimir
>   -----Original Message-----
>   From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of 
chorlton_c_hardy
>   Sent: Wednesday, December 21, 2005 4:55 PM
>   To: equismetastock@xxxxxxxxxxxxxxx
>   Subject: [EquisMetaStock Group] Help needed with indicator 
selection
> 
> 
>   Hi All,
> 
>   I trade UK stocks and currently I am quite successful in choosing
>   those stocks which continue to make short-term gains in an 
Uptrend
>   using certain combinations of MA's to first identify these 
stocks.
> 
>   However, the one area where I am having MAJOR problems with is
>   predicting when the current uptrend rise will collapse.
> 
>   So far, I have held on to certain stocks only for them to 
suddenly
>   drop in SP which results in my stop loss being hit , or worse 
still
>   closing trades only to watch them suddenly shoot for the stars a 
few
>   days later !!!!!!!!
> 
>   There may be some scope to modify my stop loss (ie. lower it) to
>   eliminate it being activated but this obviously will have a 
knock on
>   effect to my risk:reward ratio.
> 
>   My goal is to identify those stocks beginning a new uptrend and 
to
>   ride the tend as much as I can before it falls against my 
position.
>   In the instances where the SP then levels off and stays within a
>   short trading range, I am happy to wait 3-5 days to see if the
>   uptrend continues and if not, to close my position.
> 
>   Consequently, can anyone recommend any good indicators to give 
some
>   indication as to when a rise may run out of steam or when it is 
good
>   to keep a certain trade open??
> 
>   Any help much appreciated as I've run out of ideas and don't know
>   what to try.....
> 
>   Many Thanks in advance,
> 
>   Chorlton
> 
> 
> 
> 
> 
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