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At the risk of sounding incredibly simple-minded, you might want to
just use the direction of a 20-day ema to define the trend. If you
compare a simple indicator like that with some of the more complex
indicators, I think you might be surprised at how effective it can be.
You can define the rising or falling trend by comparing today's 20-
dema with the 20-dema from three days ago or a week ago, something
like that. (Rising trend would have today's 20-dema > 20-dema from 3
days ago, for example.)
Nothing will be foolproof, of course, but IMO it's best to have your
indicators as simple as possible and use other unrelated methods
(like money management, stop-loss, etc.) to protect you from the
whipsaws and sudden trend reversals.
FWIW.
Luck,
Sebastian
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