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Average Directional Movement
--- In Metastockusers@xxxxxxxxxxxxxxx, "Hani Mounir"
<elmagd2000@xxxx> wrote:
> forgive my ignorance, what ADX stands for?
> Hani
>
> -----Original Message-----
> From: uhehs@xxxx [mailto:uhehs@x...]
> Sent: Mon 10/27/2003 8:41 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Cc:
> Subject: RE: [Metastockusers] Re: Fading spikes and dips.
>
>
>
> Isn't ADX more or less for prolonged trends?
> Are you suggesting using a short term ADX, like ADX(3) within
a short
> interval chart like a 5 minute?
>
> -----Original Message-----
> From: manohohman [mailto:kelols@x...]
> Sent: Monday, October 27, 2003 10:59 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: Fading spikes and dips.
>
> ADX
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> > Hi all.
> >
> > When you see a stock making a large intraday move [say over
30%],
> that tends
> > to distort most indicators, what indicator/system would be
useful
> to gauge a
> > good entry point for a quick scalp?
> >
> > EX: If you wanted to short FBF today after it's big move.
> >
> > Maybe just go to the conventional RSI or MACD but on a
short time
> frame like
> > a 5 minute?
> >
> > Thanks. I look forward to hearing some ideas.
>
>
>
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