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I use dmi diff (di+-di-) as an indicator of overbot /oversold.(like bol
bands)
check it out.
mitch
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A simple yet elegant way to measure trendiness is to take the difference
between DM+ and DM-. Its responsiveness is much improved over ADX. We
sometimes forget that ADX is a derivative of more fundamental market
measurements and that other solutions are possible using these same
fundamental
measures.
Neal
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> From: Candlestyk <Candlestyk@xxxxxxx>
> The problem with ADX as you pointed out is that by the time ADX
regisers
a
> strong trend, a good part of the move may be over. As a sector
bottoms, the
> ADX is probably pretty low, since prices are going sideways. For an
early
> warning, you might try a ratio of ADX today/ ADX avg. for (n) days.
A very
> low number may be a warning of a change in trend coming.
>
> Let me know if you have suggestions.
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