DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Hands Off who wrote (866)	6/16/1999 11:05:00 PM
From: -	Read Replies (1) of 18137

The best trend indicator is the ADX. A lot of people try it and give it up, because it's somewhat non-intuitive. It doesn't attempt to measure trend direction, just normalized (relative) trend strength. Takes a bit of getting used to. Another way to measure trend is with a fairly fast (say 10-period) simple or exponential moving average. I just bought an excellent new book on trading indicators, recommended on the www.intelligentspeculator.com site - Charles LeBeau and David Lucas' "Technical Traders Guide to Computer Analysis of the Futures Market", it offers one of the most succinct explanations available of all the indicators, including how to use/interpret them. It has an excellent section on ADX. I bought it from AMZN (go, AMZN!) -Steve

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