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<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
David
Holzgrefe
To: <A title=amibroker@xxxxxx
href="">amibroker@xxxxxxxxxxx
Sent: Tuesday, January 23, 2001 10:28
PM
Subject: [amibroker] adx
hi tomasz
tomasz is it possible to modify this formula so
as it indicates when di lines are above adx ?
opps other way around adx above di lines
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. For
some 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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