Re: [Metastockusers] if this is the case with ADX................

[rdbelb <richandellen@xxxxxxxxxxx>]

Do it and see if it offers valuable 
information  to your trading style and decisions.
You ask impossible questions..
If this is your interest area you want others 
to do the work and draw conclusions that you take as the 
truth?
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  uhehs@xxxxxxxx 
  To: <A 
  title=Metastockusers@xxxxxxxxxxxxxxx 
  href="">Metastockusers@xxxxxxxxxxxx 
  com 
  Sent: Saturday, June 14, 2003 10:22 
  AM
  Subject: [Metastockusers] if this is the 
  case with ADX................
  "Each indicator that we look at in this study has its 
  weaknesses and theAverage Directional Index is no exception. Charles 
  LeBeau, a long timetrader and writer had this to say in an interview a 
  number of years ago."Imagine that we have a nice long base. We jump on 
  board when ADX startsrising from a low level. We successfully carry this 
  trade all the way up toa high ADX level, somewhere above 30, and then the 
  market turns down. TheADX will start to decline showing an absence of 
  trending direction, but theprice does not have an absence of direction, it 
  is moving down!"He feels, as others, including myself, that will all the 
  smoothing and otherdata that is used to determine the plotting of the ADX, 
  that we are actuallylooking at 30 days of data vs. the 14 that we use as a 
  default in oursoftware models."*********WOULD IT BE SAFE TO SAY 
  THAT IT IS BETTER TO USE A 7-PERIOD "ADX"ALONG WITH 14-PERIOD "+/- DMI'S" 
  ??????OR LAG THE "ADX" BACK BY 7 DAYS?????To 
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