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The slope or rate of change in ADX is an effective way to measure the
strength of a trend at various times. The change from its absolute level
is also important. Chuck LeBeau has done quite a bit of work on this
and wrote a good article for Futures Magazine a while back. I can find
the issue details, if you wish. There is probably an article or two in the
Bulletins section of his website http://www.traderclub.com/
----- Original Message -----
From: "neo" <neo1@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, October 11, 2001 7:40 AM
Subject: Market Conditions
> It appears that the market has different conditions or characteristics at
> different times. Three I would use would be Strong Trending, Trading, Flat
> (low volatility).
>
> For some time I have tried using all of the MetaStock Indicators that are
> supposed to indicate when we are in a trending vs trading range including
> ADX and have not found them very useful.
>
> Does anyone have any other indicators or ideas on this?
>
> Thanks, neo
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