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Oscar
Where is the screen shot attachment ?
Roy
> I have been tried this formula before, but it seems different to the
> ADX indicator from my software.
>
> I'm including the screen shot of my software and the Metastock screen
> shoot, in which you can see the differences.
>
> There are two lines on the Metastock screen shoot, the blue one is
> the Directional Movement ADX, and the red one is an ADX formula
> without rounding. Both of them are different to the ADX that I have
> in my software.
>
> Do you have any suggestion?
>
> Oscar.
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
> wrote:
> > Oscar
> >
> > Here is an ADX formula for MS published in TASC. The standard MS ADX
> > indicator appears to be rounded to the nearest whole number, or is
> in some
> > way truncated to eliminate all decimal fractions. The example below
> does not
> > have the same rounding.
> >
> > Roy
> >
> > {MetaStock code written by Equis and published in the Oct99 TASC}
> > {ADX Raw}
> > Periods:= Input("Enter time periods",1,100,14);
> > PlusDM:= If(HIGH>Ref(HIGH,-1) AND
> > LOW>=Ref(LOW,-1), HIGH-Ref(HIGH,-1),
> > If(HIGH>Ref(HIGH,-1) AND LOW<Ref(LOW,-1)
> > AND HIGH-Ref(HIGH,-1)>Ref(LOW,-1)-LOW,
> > HIGH-Ref(HIGH,-1), 0));
> > DIPlus:= 100 * Wilders(PlusDM,Periods) /
> > ATR(Periods);
> > MinusDM:= If(LOW<Ref(LOW,-1) AND
> > HIGH<=Ref(HIGH,-1), Ref(LOW,-1)-LOW,
> > If(HIGH>Ref(HIGH,-1) AND LOW<Ref(LOW,-1)
> > AND HIGH-Ref(HIGH,-1)<Ref(LOW,-1)-LOW,
> > Ref(LOW,-1)-LOW, 0));
> > DIMinus:= 100 * Wilders(MinusDM,Periods) /
> > ATR(Periods);
> > DIDif:= Abs(DIPlus - DIMinus);
> > DISum:= DIPlus + DIMinus;
> > ADXRaw:= 100 * Wilders(DIDif/DISum, Periods);
> > ADXRaw;
> >
> >
> > > I have been helping to a friend in technical analysis learning
> > > process, he has a Metastock 7.22 and we saw that one of the
> > > indicator, the ADX is different from the Metastock to another
> > > software analysis, obviously in the same symbol for the same
> periods.
> > >
> > > I would like to ask for help and if any could send me a source for
> > > the original ADX indicator formula that I suppose is the one in my
> > > software.
> > >
> > >
> > > Thank you.
> > >
> > > Oscar.
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > equismetastock-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
> > >
> > >
>
>
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