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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad
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To: Cush who started this subject4/11/2001 2:43:24 PM
From: Cush  Read Replies (1) of 5144
 
Thread question about DMI and ADX?

Peter and Bob, and anyone else who'd like to educate me-

in Murphy's book, Technical Analysis of the Financial Markets,

he says
"A rising ADX line means the market is trending and a better candidate for a trend-following system. A falling ADX line indicates a nontrending environment, which would not be suitable for a trend-following approach."

and later
"Nontrending systems (oscillators, for example) could be utilized on markets with low directional movement."

Could someone define for me, which indicators fall into each group?

Trend-following systems-

Nontrending systems-

For example, is the Stochastic oscillator a nontrending system?

Thanks.

Cush
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