SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical Analysis - Beginners
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tondon who wrote (11615)2/19/2001 10:33:20 AM
From: Michael Watkins  Read Replies (1) of 12039
 
Yes, you can get live Futures data feed into charting applications that can plot ADX and DI +/- .

Applications like Metastock, Tradestation, RavenQuote and other allow you to 'trap' or set alerts on virtually any criteria, in almost any time frame (i.e. 2 minutes or 130 minutes or whatever you want) including DI crossovers.

would it be more advantageous to pursue this in catching +D,-D and ADX crossovers vs viewing the end of the day daily chart

Generally speaking, I would say no, because I'm assuming you are not an intraday-trader and are simply trying to get a signal earlier to take action that you would normally take on a daily. This can be dangerous.

i.e. if your cross over strategy indicates a rally underway and the time frame of measurement is 15 minute bars or 65 minutes, lets say you go long; rally progresses and all is well. However the rally ends at some point in this smaller time frame, and in fact reverses strongly. So what do you do?

How you deal with the intraday movement of price; how you set stops etc; is going to make all the difference between potential profit and losses.

Having said all this, if I spot a promising setup on a daily chart I frequently use a smaller time frame to time my entry, and to also set my initial stop. I use this strategy all the time for stocks; for S&P and NDX futures I'm strictly interested in intraday trades.

The tools are there, that's the easy part of the equation. The rest is up to you!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News