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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Wayners who wrote (2488)8/14/1997 1:14:00 AM
From: TechTrader42   of 3325
 
I think you meant to give Formula Three as:

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

That would give the lower band.

I used 21 for "peri."

While we're on the subject of Average Directional Movement:

Here's an ADX system that could stand some improvement, but it helps pinpoint bottoms and tops of trends, and gets through them with a minimum of signals in some cases.

Enter:

ADX(pers)>ADXR(pers) and ref(ADX(pers),-1)<=ref(ADXR(pers),-1)

Exit:

ADX(pers)<ADXR(pers) and ref(ADX(pers),-1)>=ref(ADXR(pers),-1)

where pers = Periods for ADX and ADXR, and the default is 21

My own average directional movement in system building has taken a turn toward simplicity, I suppose.
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