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In a message dated 12/3/98 10:12:40 AM, tlwyss@xxxxxxxxxxx writes:
<< Thanks much guys. I wonder if anyone has an
original approach to making this prediction, other than
the approach Toby Crabel takes in his book, which mainly
deals with statistics based on range contraction and
expansion, if I remember correctly. Terry>>
I have had fairly good results using the ADX to diferentiate between choppy
and trending markets in futures. If the ADX is rising the market is trending
and you would want to use trend following strategies. If the ADX is declining
you would do better using an oscillator or some counter trend method. Its not
perfect but its the best I've been able to find. Hope this helps.
Chuck LeBeau
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