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--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi guys,
>
> Monday, June 30, 2003, 4:46:44 PM, you wrote:
>
> s> --- In amibroker@xxxxxxxxxxxxxxx, "mrdavis9" <mrdavis9@xxxx>
wrote:
>
> s> I would appreciate any and all suggestions regarding what
criteria
> s> that I should put into my buy scans that would insure that the
stock
> s> is truly in an uptrend, in order for it to be eligible to
receive
> s> a buy arrow. Regardless of the other suggestions that may be
> s> forthcoming, I still want to test the concept of positive
linear
> s> regression.
> s> =======
>
> s> Can't help you with the regression line, but what was your
reasoning
> s> for avoiding indicators like ADX or Aroon for trending?
>
> Adx measures strength of trend, not direction, of course. With that
> caveat, it sure could be used.
========
Oh, being new to AB, I hadn't checked on the internal implementation
of ADX. I'm used to thinking of it as 3 lines -- +DI, -DI, and the
actual "ADX" line, which would identify positive or negative trend
and the strength of the trend.
But those were just the first 2 I thought of, certainly trying to
come up with a trend indicator would be re-inventing the wheel?
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