Below is a chart I found on another thread. Someone was asking Gottfried
a question. He used this chart when referring to AMAT.
I am finding TA a better indicator than FA and others. What I find interesting
is the relationship of Williams R, Slow STO and ADX.
The ADX, the average direction index shows a weak declining line.
More important is that the STO shows this in a longer period of time.
I use the Williams R but it normalizes itself. But this ADX looks as it is a
treading line without normalization over time.
Example, the Williams show the same lows for Feb 12, Apr 1, May 14 and the
last of May. But the stock price was quite different and not directly a ratio
of the Williams R. But the STO is showing a declining support and so
does the ADX.
Now look at the ADX from 2001 to Feb a solid up trend as is STO, Williams R
and the stock price.
I do not knew what this means, but I bookmarker this chart form and will
continue to watch for the price, Williams, STO and ADX relationship.
Just a thought.
Stan
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