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Phsst said>>My own experience with ADX and +-DI was that I had a good
tradingsystem using them from '95 to '00 and then they lost their
usefulness... perhaps I did not take the proper effort to find
adaptations of ADX +-DI to other trading systems after early '00.
Phsst, my guess is that the IRRATIONALLY EXUBERANT BULL market that
happened in the 90's was the reason for your success with ADX+-DI. Ron D
----- Original Message -----
From: "Phsst" <phsst@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, June 01, 2006 9:29 PM
Subject: [amibroker] Re: ADX'ers - Riddle me this
> I noticed recently that often +DI & -DI both DECREASE on the day
> a possible entry is signalled, by price action or another indicator.
> (See the attachment)
> This is not always the case as shown here but it appears to be much
> > more than just a coincidence. Anyone have any insights?
>
> It does happen on other occaisions - Could this perhaps be used as
an indication of trend strength, usable when holding a position?
>
> I am aware that one of the ADX nuances is to look for an entry when
the ADX is above both the +DI and -DI.
Sorry that I can't see your attachment, but the AB backtester is
really straightforward where ADX and +-DI are concerned, so you should
be able to quickly find your own answers.
My own experience with ADX and +-DI was that I had a good trading
system using them from '95 to '00 and then they lost their
usefulness... perhaps I did not take the proper effort to find
adaptations of ADX +-DI to other trading systems after early '00.
I never used ADX +-DI for exits... only entries.
Rgds,
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