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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Jan Robert Wolansky who wrote (2487)8/14/1997 12:04:00 AM
From: Wayners   of 3325
 
All,

Here's a second indicator I use to stay in tune with the trend, which is your friend and when it possibly might end. I use it to decide whether or not to use an oscillator or an trending type indicator. peri is a variable for whatever period you want to use. 14, 21 or 30 days all work pretty good. Watch for ADX to dip inside and outside the bands and cross its own moving average for signals.

Formula One:
mov(adx(14),peri,s)

Formula Two:
mov(adx(14),peri,s)+std(adx(14),peri,2)

Formula Three:
mov(adx(14),peri,s)+std(adx(14),peri,2)

Formual Four:
adx(14)

Wayne
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