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The relationshp between the ADX & ADXR and the relationship between ADX and
PDI & MDI is in my experience a good way to filter out non-trending
issues/markets.
For a market to be trending one of the two conditions have to be met.
1. ADX is greater than ADXR
2. ADX is between PDI & MDI
HTH
Regards
R
On 11/17/06, Wes Smith <wes_zoltran@xxxxxxxxx> wrote:
>
> Apologies for the double post .. I had previously posted this under the
> wrong subject line.
> -------------------
>
> I am experimenting with various methods in AFL to detect a sideways,
> choppy market condition and reduce wipsaws.
>
> I've used various methods, such as a 14 period CCI within the +/- 100's,
> Trend Intensity index, BBand contraction, etc..
> But am not 100% happy with the results.
>
> I'd appreciate any insight/ suggestions on how other users have
> accomplished this.
>
> Thanks in advance,
>
> Wes
>
>
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