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It is
an honor to have you contribute to the list.
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On
trend indicators I have not been happy with any. I find ADX too slow and it has
trouble when the trend shifts from up to down and vv.
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<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of CRLeBeau@xxxxxxxSent: Tuesday, February 06, 2001 1:50
PMTo: metastock@xxxxxxxxxxxxxSubject: Re: looking for
trendIn a message
dated 2/5/01 4:22:53 PM Pacific Standard Time, arnoldi@xxxxxxxxxxxxx
writes:
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TYPE="CITE">a formula to place in the "expert corner" to show bullish /
bearish trend. i tried several ideas ( moving averages, macd >0) but
i am not satisfied yet. i searched in "gupy" & "equis" but found
nothing real good. any ideas ? Try the DMI.
If the Plus DI is above the Minus DI the trend is up and the reverse
for downtrends. BTW, I find that most trading results can be
improved if we operate as though there were three trends instead of just
up and down. I like to think in terms of up, down and sideways.
Once you start thinking in those terms results start improving and
indicators make more sense. Identifying sideways periods takes a
little thought and planning but it can be done. One of the easiest
ways to identify sideways periods is to add a second indicator that must
confirm the trend direction of the first indicator. If the two
indicators do not line up and agree on the direction we can assume the
trend is sideways. Also in a trending market we can expect to see
new highs or new lows on a regular basis. If there has not been a
new high or low in a while the we are obviously in a sideways market.
Chuck Le Beau www.traderclub.com
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