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hi tomasz
tomasz is it possible to modify this formula so as
it indicates when di lines are above adx ?
buy = cross( pdi( 14 ), mdi( 14 ) ) and adx( 14 )
> 10;sell = cross( mdi( 14 ), pdi( 14 ) ) and adx( 14 ) >
10;
This is supposed to keep you from getting whipsawed in the market. Forsome
traders, the most significant use of the ADX is the turning point concept.
First, the ADX must be above both DI lines. When the ADX turns
lower, the market often reverses the current trend. The ADX serves as a warning
for a market about to change direction.
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