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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (34)5/4/1998 11:09:00 PM
From: Sal D  Read Replies (1) of 59879
 
TATRADER, I see your an ADX fan. One of my favorite scans is using a directional movement crossover and the ADX. I use a 14 unit ADX with a 10 day moving average and below that a 14 unit +DI and -DI indicator. When the ADX line crosses above its moving average from below 25 and heading up that signals a price movement and the +/- DMI relationship tells me witch direction the movement will be.(ie - ADX crossing above 10MA from below 25 and +DI crossing above the -DI moves price up and -DI crossing above +DI moves price down). Of course there is the price chart, trendlines and other indicators to check this is just one way to use the ADX, one that I like, good thread so far, good luck.
Joe
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