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I would appreciate if you can comment on how to determine a trend is up or
down or sideway?
I have checked different resources and I learn some of the possible ways to
determine an up trend...
ADX(20)>30;
ADX(20)>30 AND PDI(10)>MDI(10);
C>MA(C,10) AND C>MA(C,20) AND MA(C,20)>MA(C,50);
C>MA(C,50) AND C>MA(C,200);
C>MA(C,10) AND C>MA(C,20);
(ADX(10)+ADX(20))/2>=30 AND PDI(10)+PDI(20)>=MDI(10)+MDI(20);
I know this may be a complicated question without a perfect answer. I am
learning to determine a trend so I can buy ONLY when a trend if moving up.
Any input is very much appreciated.
Clement
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