|
PureBytes Links
Trading Reference Links
|
Hi Andrew
Thanks again for the additional information. One of the problems with rounded numbers is where a system might use an ADX "burst" >=1. Chande mentions one such approach in Beyond Technical Analysis. A rounded ADX value from MetaStock can signal a "burst" of 1 when the real change is anywhere between approximately 0.01 and 1.99 (or possibly even higher for some combinations of non-rounded PDI and MDI).
Regards
Roy
----- Original Message -----
From: Andrew Tomlinson
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, June 11, 2007 1:02 PM
Subject: RE: [EquisMetaStock Group] re: rounding ADX
Just fyi, as noted before, Welles Wilder's original formulation of ADX
deliberately rounded to whole numbers. If you want to use the ADX as a major
component of your trading it is well worth reading his 'New Concepts in
Technical Trading Systems'.
Andrew
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Roy Larsen
Sent: Sunday, June 10, 2007 7:59 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] re: rounding ADX
Hi Shelly
Yes, the MS ADX() function does round to whole numbers. It also rounds PDI()
and MDI()
__________ NOD32 2321 (20070610) Information __________
This message was checked by NOD32 antivirus system.
http://www.eset.com
[Non-text portions of this message have been removed]
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|