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-----Original Message-----
From: Philip Schmitz <pschmi02@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, May 12, 1998 9:43 AM
Subject: Re: Gen: Define trending.
>Ah, yes. That nagging question of how to get on
>board just a little bit earlier! Especially in
>situations where ADX can be painfully slow, as
>Brent pointed out a while back.
>
>> 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
>Also, has it been your observation that once ADX
>does get moving, contractions in the difference
>between +DI and -DI might be good places to either
>add on or take money off the table - depending on
>your expectations?
A cross of the price over the simple 20 day moving
average seems to correlate well with the crossover of
the +/- DI. You can also project what that price would
be (the cross of the 20 SMA) using TechniFilters
target functions (TAR_C_A).
Ted
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