Re: [amibroker] adx

["Tomasz Janeczko" <tjaneczk@xxxx>]

Hello,
 
Just use the following formula:
 
ADXaboveDI = adx( 14 ) > pdi( 14 ) AND adx( 14 ) 
> mdi( 14 );
 
buy = cross( pdi( 14 ), mdi( 14 ) ) and 
ADXaboveDI;sell = cross( mdi( 14 ), pdi( 14 ) ) and ADXaboveDI;
 
Regards,
Tomasz
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
David 
Holzgrefe 
To: <A title=amibroker@xxxxxx 
href="">amibroker@xxxxxxxxxxx 
Sent: Tuesday, January 23, 2001 
12:28
Subject: [amibroker] adx

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. 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.