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terry...
re the technique of "riding" it from 15 to 30:
is there anywhere i can read about this specific techniqe
in more detail..?
thanks
dan
-----Original Message-----
From: Terry Wyss <tlwyss@xxxxxxxxxxx>
To: Robert W Cummings <rwc@xxxxxxxxxxxxx>; (to post) Omega-List
<omega-list@xxxxxxxxxx>
Date: Monday, December 14, 1998 8:52 AM
Subject: Re: Adx
:Robert,
:
:A lot of people use 30 as a cutoff, and a histograph for visual.
:Some people look to enter when its "nontrending" at say 12 or 15
:and ride it till its above 30 and has quit rising, and others only
:enter after its above 30 and still rising. Raschke & Conners use
:it in a recommended, excellent book Street Smarts. Rgds, Terry
:
:Robert W Cummings wrote:
:
:> How do you use this indicator as it doesn't show direction visually. You
:> watch are systemize the values and when it increasing or decreasing at
what
:> point does this tell you have a trend change.
:>
:> Robert
:>
:> > Dtrader wrote:
:> >>robert... i've always found that the 14 period adx tends to act very
:> >>similarly to the curve of 5/35 macd if you use absolute values
(negative
:> >>values become positive).
:> >>
:> >>which leads me to believe that adx is best described as a smoothed,
absolute
:> >>measurement of momentum.
:> >>i use this indicator a lot.
:> >>
:> >>b.rgds
:> >>dan chesler
:> >>
:> >>
:> >>-----Original Message-----
:> >>From: Robert W Cummings <rwc@xxxxxxxxxxxxx>
:> >>Date: Sunday, December 13, 1998 8:13 PM
:> >>Subject: Indicators
:> >>
:> >>
:> >>:I'll start with one that has always mystified me but seems to be used
a lot
:> >>:Is this indicator seems to be designed for breakout systems or money
:> >>:management exits. Anybody using this a different way or what ever?
:> >>:
:> >>:ADX
:> >>
:> >>
:> >>
:> >>
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