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Steven C. Walker wrote:
> Greg-
>
> This is Welles Wilder's concept. First, you must calculate TRUE RANGE
>
> which is the largest of the following:
>
> 1. today's high less today's low
> 2. today's high less yesterday's close
> 3. today's low less yesterday's close
> TRUE RANGE is always a positve number.
>
> Next, you must calculate DIRECTIONAL MOVEMENT. This is a two step
> procedure. Positive directional movement (+DM) is the difference
> between today's high and yesterday's high. Negative directional
> movement (-DM) is the difference between today's low and yesterday's
> low.
>
> Now to get +DI = +DM / TRUE RANGE and -DI = -DM / TRUE RANGE.
>
> Wilder suggests making these calculations for 14 days and taking the
> average.
>
> Steve
>
> >>> GJB21 <GJB21@xxxxxxx> 12/21/97 08:53am >>>
> Does anyone know what the formula is for the +DI/-DI indicator
> that Jeff Cooper uses and writes about in his book "Hit and Run"?
>
> I am currently using Supercharts end of day and I would like to study
> it's effectiveness.
>
> Thanks,
> Greg B.
Is this the same study in TradeStation's DMI indicator with ADX?
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