RE: [EquisMetaStock Group] Help needed with indicator selection

["vlad" <entinv@xxxxxxxxxxx>]

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

-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of chorlton_c_hardy
Sent: Thursday, December 22, 2005 3:44 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Help needed with indicator selection

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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