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Robert,
A lot of people use 30 as a cutoff, and a histograph for visual.
Some people look to enter when its "nontrending" at say 12 or 15
and ride it till its above 30 and has quit rising, and others only
enter after its above 30 and still rising. Raschke & Conners use
it in a recommended, excellent book Street Smarts. Rgds, Terry
Robert W Cummings wrote:
> 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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