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Thanks, Ken. I'll play with it. Al Venosa
>From: "Ken Close"
>Reply-To: amibroker@xxxxxxxxxxxxxxx
>To:
>Subject: RE: [amibroker] Re: QQQ Individual Analysis
>Date: Mon, 24 Jun 2002 09:57:48 -0400
>
>Al:
>Being a devotee of ADX, you might consider RAVI--Range Action Verification
>Index--described by Chande in his 2nd edition book "Beyond TA".
>
>RAVI = abs(100*(((MA(C,7)-MA(C,65))/MA(C,65))));
>
>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.
>
>Ken
> -----Original Message-----
>From: Al Venosa [mailto:avcinci@xxxx]
>Sent: Monday, June 24, 2002 8:36 AM
>To: amibroker@xxxxxxxxxxxxxxx
>Subject: 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
>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't need 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 into a 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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