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robert... i've always found that the 14 period adx tends to act very
similarly to the curve of 5/35 macd if you use absolute values (negative
values become positive).
which leads me to believe that adx is best described as a smoothed, absolute
measurement of momentum.
i use this indicator a lot.
b.rgds
dan chesler
-----Original Message-----
From: Robert W Cummings <rwc@xxxxxxxxxxxxx>
Date: Sunday, December 13, 1998 8:13 PM
Subject: Indicators
:I'll start with one that has always mystified me but seems to be used a lot
:Is this indicator seems to be designed for breakout systems or money
:management exits. Anybody using this a different way or what ever?
:
:ADX
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