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You
need +DI, -DI and ADX. Plot in the same window and make them different
colors. Standard interpretation is whenever +DI crosses above -DI and
ADX going up, the trend changed to "UP". When ADX crosses above +DI
it's a warning that trend is close to an end. After that watch
for ADX getting above 40, flattening and start moving down. At this point
trend ended. The same
for
the downtrend with -DI.
Regards,
Vladimir
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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