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

[<uhehs@xxxxxxxx>]

<span
>I was
wondering if changing the time periods like this goes against the principles of
using comparable time periods with indicators that complement each other.

<span
> 

-----Original Message-----
From: rdbelb
[mailto:richandellen@xxxxxxxxxxx]
Sent: Saturday, June 14, 2003
10:50 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers] if
this is the case with ADX................

 

Do it and see if it offers valuable
information  to your trading style and decisions.<font
color=black>

You ask impossible questions..<font
color=black>

If this is your interest area you want
others to do the work and draw conclusions that you take as the truth?<font
color=black>

<span
> <span
>



<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>

<font size=2 color=black
face=Arial>

From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx 



<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxx com <font
size=2 color=black face=Arial>

<font size=2 color=black
face=Arial>Sent:<span
> Saturday, June 14, 2003
10:22 AM<span
>

<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial>
[Metastockusers] if this is the case with ADX................<font
size=2 color=black face=Arial>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=2 color=black
face="Courier New">"Each indicator that we look at in this study has its
weaknesses and the<span
>
Average Directional Index is no exception. Charles LeBeau, a long time
trader 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
starts
rising from a low level. We successfully carry this trade all the way up to
a high ADX level, somewhere above 30, and then the market turns down. The
ADX will start to decline showing an absence of trending direction, but the
price does not have an absence of direction, it is moving down!"
He feels, as others, including myself, that will all the smoothing and other
data that is used to determine the plotting of the ADX, that we are
actually
looking at 30 days of data vs. the 14 that we use as a default in our
software 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?????



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