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Mark,
Let me interject something.
The ADX will tell you when you have a trend but not the direction of
that trend.
It is possible to have an accelerating ADX in a downtrend.
The PDI and MDI can help identify whether the trend is bullish or
bearish. A PDI greater than a MDI would be bullish.
As far as the indicator that Super gave you, remember that it has a 5
day smoothing lag and therefore will give a signal when the trend has
become neutral.
Hope this helps,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, markumansky <no_reply@xxx>
wrote:
>
> Hi Super,
>
> Thanks a lot. The explorer does work, but when i open the charts
that
> the explorer spits out, some of the charts how ADX decreasing not
> increasing.
>
> So my question is why does it spit these charts out when the ADX is
> falling? Shouldn't it reject these charts?
>
> Mark
>
> --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@>
> wrote:
> >
> > This formula I mentioned. It works fine in my explorer. If it
doesn't
> > work in your explorer, I have no idea why it's not working. Sounds
> > like it's time to learn MS fundamental programming! If I were
going to
> > use this, I think I would test it!!
> >
> >
> > A:=ADX(13);
> > B:=Mov(a,5,S);
> > M1:=Mov(C,13,S);
> > V1:=Mov(V,13,S);
> >
> >
> > X1:=If(Ref(b,-1)<b AND Ref(b,-2)<Ref(b,-1) AND Ref(b,-3)<Ref(b,-
2),1,0);
> >
> > X2:=If(Ref(m1,-1)<m1 AND Ref(m1,-2)<Ref(m1,-1) AND
> > Ref(m1,-3)<Ref(m1,-2),1,0);
> >
> > X3:= If(Ref(v1,-1)<v1 AND Ref(v1,-2)<Ref(v1,-1) AND
> > Ref(v1,-3)<Ref(v1,-2),1,0);
> >
> > X1=1 AND X2=1 AND X3=1
> >
> > Super
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, markumansky <no_reply@>
wrote:
> > >
> > > Hi Super,
> > >
> > > Thanks for your assistance but no matter what i do, i still can
not
> > > get the exploere to spit out stocks that show rising ave.price
with
> > > rising ave.volume with rising ADX (or similar indicator).
> > >
> > > What am i missing?
> > >
> > > Mark
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
<no_reply@>
> > > wrote:
> > > >
> > > > Okay, rising ADX(13) for three periods.
> > > >
> > > > A:=ADX(13);
> > > > B:=Mov(a,5,S);
> > > >
> > > > X:=if(ref(b,-1)<b and ref(b,-2)<ref(b,-1) and
> ref(b,-3)<ref(b,-2) ,
> > > > 1,0);
> > > > X=1
> > > >
> > > > You have to use a moving average of the ADX because the ADX
doesn't
> > > > move up in a straight line, by using a moving avg, you are
more
> likely
> > > > to catch a truly rising ADX and not miss some that have been
thrown
> > > > off because they retreated during one of the three days by a
very
> > > > insignificant amount.
> > > >
> > > > The other constraints work exactly the same way.
> > > >
> > > > It still looks to me like you're trying to find trending
stocks.
> > > >
> > > > Apparently you didn't try the formula I gave you. Oh well!
> > > >
> > > > Super
> > > >
> > > >
> > > >
> > > >
> > > > --- In equismetastock@xxxxxxxxxxxxxxx, markumansky <no_reply@>
> wrote:
> > > > >
> > > > > Thanks Super,
> > > > >
> > > > > Perhaps i am not explaining my self properly, so excuse the
> "idiot"
> > > > in me.
> > > > >
> > > > > All i wish to do, is run a scan over stocks that have the
> following
> > > > > attributes:
> > > > >
> > > > > 1) AVERAGE PRICE(13) HAS INCREASED OVER THE LAST 3 PERIODS;
&
> > > > > 2) AVERAGE VOLUME(13) HAS INCREASED OVER THE LAST 3
PERIODS; &
> > > > > 3) ADX(13) HAS INCREASED OVER THE LAST 3 PERIODS; &.
> > > > >
> > > > > Then produce the results.
> > > > >
> > > > > {I understand that the ADX indicator may not provide the
best
> > results
> > > > > so i am willing to use PDI or another custom indicator to do
> the job
> > > > > of confirming up-trend existance}
> > > > >
> > > > > I hope this explains it clearer.
> > > > >
> > > > > Help (from anyone) on putting this formula together, would
be
> > greatly
> > > > > appreciated!
> > > > >
> > > > > Thanks & Best Regards,
> > > > > Mark
> > > > >
> > > > >
> > > > > --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
<no_reply@>
> > > > > wrote:
> > > > > >
> > > > > > Okay, Rising ADX.
> > > > > >
> > > > > > A:=ADX(13);
> > > > > > B:=Mov(a,5,S);
> > > > > >
> > > > > > X:=if(ref(b,-1)<b and ref(b,-2)<ref(b,-1), 1,0);
> > > > > > X=1
> > > > > >
> > > > > >
> > > > > > Tweak it out to whatever assurance you want it is rising.
> > > > > >
> > > > > > However, that method of finding trend stocks doesn't look
very
> > good.
> > > > > > But it ain't my money.
> > > > > >
> > > > > > I would try this in the explorer.
> > > > > >
> > > > > > RisingMF:=(C-Mov(C,20,S))/ Stdev(C,20);
> > > > > >
> > > > > > RisingMF2:=Alert(H=HHV(H,60),1);
> > > > > >
> > > > > > RisingMF>0 AND RisingMF2=1
> > > > > >
> > > > > > Change the alert from 1 to 10 depending on your
preference for
> > where
> > > > > > in the trend you find them.
> > > > > >
> > > > > > You can also use it as a trend ribbon or a highlight
line.
> > > > > >
> > > > > > I'll post my paypal account where you can send the money.
> > > > > >
> > > > > > Super
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@>
> wrote:
> > > > > > >
> > > > > > > Mark,
> > > > > > >
> > > > > > > You should also be aware of the fact that the canned
> formula for
> > > > the
> > > > > > > ADX is prone to errors and the better resolve is to use
> the one
> > > > that
> > > > > > > Roy provided several months ago if you decide to stick
with
> > > the ADX.
> > > > > > >
> > > > > > > Hope this helps,
> > > > > > >
> > > > > > > Preston
> > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh
<no_reply@>
> > wrote:
> > > > > > > >
> > > > > > > > Mark,
> > > > > > > >
> > > > > > > > Several reasons but the primary one is Wilders
smoothing
> > > which is
> > > > > > > > similar to an exponential. Bottomline is to load more
bars
> > > in the
> > > > > > > > exploration. Also consider using the PDI instead of
the ADX.
> > > The
> > > > > > > PDI
> > > > > > > > is a component of the ADX but not smoothed as much
> meaning it
> > > > will
> > > > > > > be
> > > > > > > > more sensitive.
> > > > > > > >
> > > > > > > > Preston
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, markumansky
> > <no_reply@>
> > > > > > > > wrote:
> > > > > > > > >
> > > > > > > > > Thank you Preston,
> > > > > > > > >
> > > > > > > > > However, when i run the explorer it return charts
that
> have
> > > > > > > falling
> > > > > > > > > ADX(13) not Rising?
> > > > > > > > >
> > > > > > > > > Mark
> > > > > > > > >
> > > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh
<no_reply@>
> > > > wrote:
> > > > > > > > > >
> > > > > > > > > > Mark,
> > > > > > > > > >
> > > > > > > > > > Try this:
> > > > > > > > > >
> > > > > > > > > > A1:=mov(close,13,E);
> > > > > > > > > > A2:=mov(volume,13,E);
> > > > > > > > > > A3:=adx(13);
> > > > > > > > > >
> > > > > > > > > > A1 > ref(A1,-1) and
> > > > > > > > > > A2 > ref(A2,-1) and
> > > > > > > > > > A3 > ref(A3,-1)
> > > > > > > > > >
> > > > > > > > > > Would be all three at once.
> > > > > > > > > >
> > > > > > > > > > If you want to do each in its own column
> > > > > > > > > >
> > > > > > > > > > A1:=mov(close,13,E);
> > > > > > > > > > A1 > ref(A1,-1)
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > > Preston
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, markumansky
> > > > <no_reply@>
> > > > > > > > wrote:
> > > > > > > > > > >
> > > > > > > > > > > Can any one assist in writing of an explorer
that
> would
> > > > scan
> > > > > > > > charts
> > > > > > > > > > for:
> > > > > > > > > > >
> > > > > > > > > > > 1) Rising EMA(13) Price; &
> > > > > > > > > > > 2) Rising EMA(13) Volume; &
> > > > > > > > > > > 3) Rising ADX (13).
> > > > > > > > > > >
> > > > > > > > > > > Then produce the results?
> > > > > > > > > > >
> > > > > > > > > > > Thanks for your assistance in advance!!!!!
> > > > > > > > > > >
> > > > > > > > > > > Mark
> > > > > > > > > > >
> > > > > > > > > >
> > > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>
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