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How do you use this indicator as it doesn't show direction visually. You
watch are systemize the values and when it increasing or decreasing at what
point does this tell you have a trend change.
Robert
> Dtrader wrote:
>>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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