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Manuel Barquin - Madrid
E-mail: mbarquin@xxxxxxxxxxxx
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----- Original Message -----
From: Philip <pschmi02@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, March 20, 2000 9:39 PM
Subject: Re: How to...
> Hi Moshe,
>
> I'm not entirely sure I understand what you mean by "the ADX is trending."
But .
> . if you want to identify directional movement by expressing that the ADX
"is
> rising" the most basic way to do it would be:
>
> ADX(14) > Ref(ADX(14),-1) -- today's ADX is greater than yesterday's.
>
> There is another aspect to the ADX that bears investigation, though,
namely the
> level of the ADX. There seems to be a general consensus that an ADX over,
say,
> 30 indicates a stronger trend than lower ADX readings. So you could
either
> write ADX(14) > 30 -- or not, depending on your objectives. You can
stipulate
> that both conditions are true by joining them with the word "and."
>
> Also, I have found the following helpful: try using the custom ADX
formula
> posted on the Metastock website. Wilder wrote the original ADX in such a
> fashion that it rounds the readings out to the nearest whole number. The
> "regular" canned Metastock ADX does this, while the custom ADX does not.
The
> non-rounded readings are just a shade more sensitive, which can be
helpful.
>
> Are you OK with the use of the Expert tool itself? It shouldn't be too
hard to
> explain if you're not, and it's pretty well written up in the manual.
>
> Philip
>
> Moshe Shalom wrote:
>
> > Hi,
> >
> > I am trying to write an expert that is checking in some point if the
ADX(14)
> > is trending up or down and I really can't find a way to do this. I am
new
> > in the language and would appreciate any help on this. (BTW, to
generalize
> > the question I can ask: How do you reference an indicator if it is in
it's
> > own Inner window? And how can I check it's direction?)
> >
> > Many thanks in advance,
> >
> > Moshe Shalom
> > Israel
>
>
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