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Hi Phsst
Tks for your input.
The attachment is a Word file and pictures often take a while to
appear. As you inferred and Ron stated it appears ADX works best in a
strong trend.
Regds
Gerard
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxx> wrote:
>
> > 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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