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<SPAN
class=580394713-24062002>Al:
Being a devotee
of ADX, you might consider RAVI--Range Action Verification Index--describedby
Chande in his 2nd edition book "Beyond TA".
<SPAN
class=580394713-24062002>
<SPAN
class=580394713-24062002>RAVI = <FONT
color=#0000ff>abs(<FONT
color=#ff00ff>100*(((<FONT
color=#0000ff>MA(C,<FONT
color=#ff00ff>7)-<FONT
color=#0000ff>MA(C,<FONT
color=#ff00ff>65))/<FONT
color=#0000ff>MA(C,<FONT
color=#ff00ff>65<FONT
color=#000000>))));
<FONT
face=Tahoma>I
haven't done any work with it as I just read about it last night, but it might
be something for you to consider. Values above 3 indicate trending
prices.
<FONT
face=Tahoma>
<FONT
face=Tahoma><FONT color=#0000ff
face=Verdana>Ken
<FONT
face=Tahoma> -----Original
Message-----From: Al Venosa
[mailto:avcinci@xxxx]Sent: Monday, June 24, 2002 8:36
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re: [amibroker]
Re: QQQ Individual Analysis
b,
I am a student of Chuck LeBeau's. To read up on the use of the ADX as a
trigger for the beginning of a trend, go to <A
href="">http://traderclub.com/cgi-bin/discus/show.cgi?107/107 and
read bulletins 5 and 6. Admittedly, the ADX has its limitations, but it ain't
too bad as an entry trigger for a rising or falling trend, based on my
backtesting. Also, in my post, I said I try to avoid use of indicators as much
as possible. I didn't say entirely exclude all of them. Keep in mind, I'm a
trend-following advocate, not a counter-trend, short term trader. You don'tneed
a lot of indicators to get you in and out when you are looking for long term
trends. With shorter term systems, your reliance on indicators becomes more
critical, I think. But, I'm willing to change my views if I can be convinced
otherwise. Al Venosa
>From: "b519b"
>Reply-To: amibroker@xxxxxxxxxxxxxxx
>To: amibroker@xxxxxxxxxxxxxxx
>Subject: [amibroker] Re: QQQ Individual Analysis
>Date: Mon, 24 Jun 2002 03:14:53 -0000
>
>--- In amibroker@xxxx, "Avcinci" wrote:
>...I try to avoid use of indicators as much as possible, ...I
like
>ADX as a trigger for the beginning of a trend. I can go intoa
long
>explanation as to why, but that would be counterproductive on
this
>board.
>**************
>
>Now you have made me curious. Could you give a condensed
>explanation, or point me towards material that does? Also, why
the
>exception for the ADX?
>
>b
>
>
>
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