Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Pullin-GS who wrote (4599)	2/22/1998 2:21:00 PM
From: Christopher	Read Replies (2) of 7396

Concerning ADX, no body uses one indicator alone and Marks does not. In his defense, Mark uses many indicators. How ADX fits in his system is a different story. ADX indicate the degree the stock is trending. The higher it is the more the stock is trending. A high ADX for a stock will yield more profit then one with lower ADX all else being equal. This is also true for day trader. Dr. Alexander Elder in his book titled "Trading for a Living" have an entire chapter on ADX and how to use it for day trader and short term trader.

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