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-----Original Message-----
From: Brad D. <btwj@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, September 17, 1998 8:36 PM
Subject: Re: The ADX
>Jerry,
>
>I've also noticed that low (generally less than 15, it depends on the
>market) ADX values can precede a trending move. Last year (September
>'97), Daniel Chesler mentioned this in an article he wrote in TASC on
>trading with chart patterns and indicators. I like the idea of using
>ADX in this manner -- it's not how most traders look at ADX.
>
>Brad Dingee
>
>
>---GREHERT@xxxxxxx wrote:
>>
>> I hate to bad-mouth the old trusy ADX, but I used to optimize
>systems with the
>> ADX and found they did best with the filter ADX < N; which meant the
>best
>> trades were taken when trendiness was at a bare minimum, i.e. the
>market was
>> resting and ready to explode. Knowing that this was the oposite of
>the
>> standard ADX usage, I lost interest in this clever index.
>>
>> Best Regards,
>>
>> Jerry Rehert (grehert@xxxxxxx)
>> Atlanta, GA
>> @ 06:04 pm, September 17th, 1998
>>
>
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