|
PureBytes Links
Trading Reference Links
|
Hi Moishe
> I put ADX(14) in an exploration column alone. Also have ADX in a
> chart window. On March 15, 2005 for NUE I get an ADX(14)reading in
> the exploration column of 35 EOD. On the chart it reads 24 EOD same
> date.
>
> Question: Should they read the same?
Yes.
If so, where is my error?
Probably in the number of records specified for your explorations. "Use Minimum
Records" will cause your problem. The reason is that ADX uses Wilder Smoothing
internally. Wilders smoothing and other exponential moving averages use ALL
data on a chart or exploration, NOT just the "Periods" setting for the function.
As a rule of thumb you should specify at least 5 times as many periods as the
longest EMA (or Wilders Smoothing) used by your code. I'd suggest 70-100should
be OK for ADX(14).
Kind regards
Roy Larsen
www.metastocktips.co.nz
------------------------ Yahoo! Groups Sponsor --------------------~-->
In low income neighborhoods, 84% do not own computers.
At Network for Good, help bridge the Digital Divide!
http://us.click.yahoo.com/EpW3eD/3MnJAA/cosFAA/zMEolB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/Metastockusers/
<*> To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|