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Hello Preston,
Thanks for your answer. I adapted the formula for an exploration as in the message send by Roy. It works indeed. I placed the PlusDM, DIPlus, MinusDM and DIMinus variables in separate columns and use a
certain filter.
I have now the following question: how can I determine the value of DIPlus and DIMinus for some xx days ago? Does it work like this:
colA > ref(colA, -xx), where colA is DIPLus for example:
100*Wilders(If(H>Ref(H,-1) AND L>=Ref(L,-1),H-Ref(H,-1), If(H>Ref(H,-1) AND L<Ref(L,-1)
AND H-Ref(H,-1)>Ref(L,-1)-L, H-Ref(H,-1),0)),14)/ATR(14);
Unfortunately I receive zero results for such an exploration and I am sure that it is wrong.
The decision part in the metastocktools formula (about ploting) is not of interest to me (I just take this part out).
Thanks again for any tips.
Alex
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Alex,
>
> Its been a problem that has existed for quite a while.
>
> http://finance.groups.yahoo.com/group/equismetastock/message/27047
>
> In order to get a formula which contains inputs to work you must change them to constants.
>
> For instance:
>
> pds:=Input("ADX periods",1,100,14);
>
> becomes simply
>
> pds:=14;
>
>
> The problem you will run into is the multiple plots. In the formula that you have chosen there is a 3 part decision tree...plot, final and window. You will need to decide what you want to use.
>
>
>
> Hope this helps,
>
>
> Preston
>
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "alex_onea" <alex_onea@> wrote:
> >
> > Hello everybody,
> >
> > I discovered that the Metastock 10.1 has troubles in calculating correctly the Directional Movement Index (ADX, +DI and -DI). The internal formulas pdi(x), mdi(x) as well as dx(x) do not give the correct values. I found the formulas at www.metastocktools.com, as you can see below. The thing is that the formulas are intended for buiding an indicator. My wish is to use the DMI formulas for an exploration.
> > Unfortunately, it did not work to export the formulas to an exploration (due to the input commands).
> >
> > Can you give some piece of advice on this issue?
> > Thanks in advance.
> >
> > Alex
> >
> >
> > MetaStock -> Tools -> Indicator Builder -> New
> > -> copy & paste complete formulae between "---8<---" lines.
> >
> > ===================
> > ADX/PDI/MDI - True
> > ===================
> >
> > ---8<------------------------------------
> >
> > { True ADX/PDI/MDI v2.0 Incorporating automatic Support/Resistance.
> >
> > MetaStock's native ADX plots erratic ADX values as periods are increased. e.g., compare this formula (50pds) to MS's ADX(50).
> >
> > Copyright © 2003-2008 Jose Silva. For personal use only.
> > http://www.metastocktools.com }
> >
> > { User inputs }
> > pds:=Input("ADX periods",1,100,14);
> > plot:=Input("plot: [1]ADX, [2]PDI, [3]MDI, [4]All",1,4,1);
> >
> > { Variables }
> > Lo1:=Ref(L,-1);
> > Hi1:=Ref(H,-1);
> >
> > { Plus Directional Movement (PDI) }
> > condUp:=H>Hi1 AND L>=Lo1
> > OR H>Hi1 AND L<Lo1 AND H-Hi1>Lo1-L;
> > PlusDM:=Wilders(condUp*(H-Hi1),pds)/ATR(pds)
> > *100;
> >
> > { Minus Directional Movement (MDI) }
> > condDw:=H<=Hi1 AND L<Lo1
> > OR H>Hi1 AND L<Lo1 AND H-Hi1<Lo1-L;
> > MinusDM:=Wilders(condDw*(Lo1-L),pds)/ATR(pds)
> > *100;
> >
> > { True Average Directional Movement (ADX) }
> > DMdiff:=Abs(PlusDM-MinusDM);
> > DMsum:=Max(PlusDM+MinusDM,.000001);
> > ADXtrue:=100*Wilders(DMdiff/DMsum,pds);
> >
> > { Final plot }
> > x:=If(plot=2,PlusDM,If(plot=3,MinusDM,ADXtrue));
> >
> > { Automatic OverBought/Sold historical levels }
> > avg:=Cum(x)/Cum(IsDefined(x));
> > pk:=Ref(x,-1)=HHV(x,3) AND Ref(x,-1)>avg;
> > pk1:=ValueWhen(1,pk,Ref(x,-1))*pk;
> > oBought:=Cum(pk1)/Cum(pk);
> > tr:=Ref(x,-1)=LLV(x,3) AND Ref(x,-1)<avg;
> > tr1:=ValueWhen(1,tr,Ref(x,-1))*tr;
> > oSold:=Cum(tr1)/Cum(tr);
> >
> > { Plot in own window }
> > oBought;oSold;
> > If(plot=4,ADXtrue,x);
> > If(plot=4,PlusDM,x);
> > If(plot=4,MinusDM,x)
> >
> > ---8<------------------------------------
> >
>
------------------------------------
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