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Thanks Gary,
after posting my post I did some searching and found out about
Realtick. I'm not really interrested in the software its self, but
the notion of MS's ADX not giving high enough readings is something
I've been wondering about for a long time. So the thread you started
really caught my eye.
See, what I'm trying do is very similar to what you were describing:
a expert that would have diffrent rules depening whether the
commodity is trending or not. I've been playing around with the MS
ADX, but the results haven't been good. So many thanks to Roy who
posted the ADX Raw, that has helped me quite a bit already.
It's goint to be very interesting to see where this ADX conversation
heads...
BR,
Eero
--- In Metastockusers@xxxx, "Gary" <gary.keeney@xxxx> wrote:
> Eero:
>
> I presume you already know that RealTick is a direct access trading
> platform available from Townsend Analytics, Ltd. More information
is
> available at www.realtick.com.
>
> RealTick also realtime charting and has a number of standard
> indicators built in. It includes four indicators from Welles
> Wilder's Directional Movement system:
>
> Plus Directional Movement (PDM)
> Minus Directional Movement (MDM)
> Directional Movement Indicator (DX)
> Average Directional Movement (ADX)
>
> Townsend Analytics includes the formulas for their implementation
of
> these indicators in the RealTick user's manual. You can download a
> PDF version of this manual at
http://www.realtick.com/v2_getpage.asp?
> subnav=true&page=supp_help_manl.
>
> I'm still working on comparing their formulas with Welles Wilder's
> book, and at this point it does not look to me like RealTick
> calculates these indicators strictly in accordance with Wilder's
> original formulas. However, I've also seen a comment in another
book
> to the effect that Wilder's original concept has been modified by
> other analysts, so maybe the RealTick indicators are someone else's
> better idea.
>
> As I said, I'm just trying to figure out how RealTick calculates
> their ADX indicator so that I can program a custom MetaStock
> indicator that matches the one available in RealTick, so I can test
> systems which include this indicator.
>
> I also sent a message to the group owner to see what's up with the
> missing Wednesday and Thursday messages, whether they're missing
for
> everyone or whether I somehow set some setting so I can't see them.
>
> Gary
>
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