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Yarroll
One possible problem With ADX is that it uses Wilders Smoothing internally.
This is a form of an exponential moving average, and typically all EMA's
need about 5 times the nominal "periods" worth of data in an exploration to
give the same approximate value seen on a chart. This shouldn't affect the
System Tester but it will certainly affect explorations using ADX and
"minimum" periods.
Roy
> Could someone remind me please what was the trouble with the way Metastock
> initializes ADX, ADXR? So as to make them unreliable for system testing?
> I seem to recall this was discussed here in the few past months (?) here.
>
> I never really paid attention to these two indicators, but have been
looking
> lately and indeed it looks like a real problem. Whatever the other ADX
> values, it starts from either very low or very high values on the charts.
>
> Thanks. Best regards
>
>
> Yarroll
> ***
> http://republika.pl/yarroll999/
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