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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: sean sanders who wrote (2495)8/14/1997 2:40:00 PM
From: TechTrader42   of 3325
 
Instead of using ADX,, you could use plus and minus directional movement. I've been playing around with formulas this week, and it turns out that they're very similar to your ideas:

ENTER:

pdi(pers)>mdi(pers)

EXIT:

pdi(pers)<mdi(pers)

I used 8 as the default for periods.

This next one uses moving averages with pdi and mdi:

ENTER: mov(pdi(pers),21,e)>mov(mdi(pers),21,e)

EXIT: mov(mdi(pers),21,e)>mov(pdi(pers),21,e)

Again, I used 8 as the default for periods.

Both systems give too many signals in times of low volatility. You can add formulas to prevent sell signals during these times.

Brooke
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