SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : TA Science Projects & Experimental Indicators

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chandler H. Everett who wrote (186)6/9/1998 8:00:00 PM
From: ftth  Read Replies (2) of 237
 
Hi Chan, using the plus and minus Directional Indicators as a starting point, I've found the following to be a reasonable A/D indicator (in Metastock format):

x1:=pdi(2)-mdi(2);
x2:=pdi(2)+mdi(2)+.001;
ad1:=(x1/x2)*v;
cum(ad1);

(For those not familiar w/ Wilder's directional movement, here's a link to some basic info:http://www.equis.com/free/taz/direcmovem.html)

It tends to follow the OBV better than it does Williams A/D, Chaikin's A/D or dave's a/d, but it has some interesting properties in the way it leads, lags, crosses under, and crosses over OBV in different places.

What seems more interesting though is plotting the % ROC (rate of change) of the a/d indicators themselves, and comparing that to the ROC of the price plot.

dh
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext