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Hello,
Thank you, Donald, for sending these descriptions.
I guess they are really helpful for the others on this mailing list.
I just want to comment some things:
> Wilders ADX
> (Note: references to colour may not match AmiBroker)
> [...]
> The ADX line is blue and its value is the top number on the plot label. Also
> shown are the plus Directional Movement Indicator (+DI) and the minus
> Directional Movement Indicator (-DI) lines, which are used to form the ADX
> line. The +DI line is cyan whose value is the middle number on the plot label,
> and the -DI line is magenta whose value is the lower number on the plot label.
Indeed AmiBroker uses by default slightly different colours:
blue for ADX, green for +DI, red for -DI
However they can be changed using Preferences window.
BTW: AmiBroker 3.40 has an additional colour settings so if you have changed
the defaults before (for example you have black background) you may need
to adjust new colour settings, otherwise some chart elements may disapear
(for example grid and axes colours have its separate settings now,
if you have black background and black axes you won't see the axes and labels)
> AVERAGE TRUE RANGE
>
> [...] Welles Wilder, Jr. in his
> book "New Concepts in Technical Trading Systems", defines Average True Range
> as the largest of: The distance between intra-day highs and lows. The distance
> between the previous close and today's high. The distance between yesterday's
> close to today's low.
This is not correct. Above definition is for TRUE RANGE (not ATR).
Average True Range is moving average of True Range. Wilder uses his special averaging
method (similiar to exponential averaging) (AmiBroker uses of course this Wilders averaging
for calculation of ATR, ADX and DMI).
Best regards,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
Web site: http://www.amibroker.com
Mailing list: amibroker@xxxx
----- Original Message -----
From: Donald Dalley <ddalley@xxxx>
To: AmiBroker Mail list <amibroker@xxxxxxxxxxx>
Sent: Sunday, October 08, 2000 4:51 AM
Subject: [amibroker] AmiBroker 3.4: New Feature Descriptions
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