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Strategies & Market Trends : TA-Quotes Plus
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To: Bob Jagow who wrote (5601)7/26/1998 1:55:00 PM
From: shasta23  Read Replies (1) of 11149
 
HI EVERYBODY!

Did someone created scans using ADX(14=default)? I would be interested if you get correct results. When i run simple scans with looking for ADX > 25 and PDM>MDM i get often picks where ADX is smaller than 25 and not only by a fraction buy maybe 10 points lower. This is frustrating!! If someone runs scans with these parameters could he post that part of the scan for comparison.

here is my test scan. I assumed that if i don't specify the time frame of the parameters it will use the default value=14.

input="fast.lst";
output="ADXDMI.lst";

if ADX(0)>25 and
ADX(0)>=ADX(-1) and
PDM(0)>MDM(0) then

Println Symbol, "," ,Close(0), "," ,CLose(-1);
endif;endif;

out of the first ~18 stocks in that scan 3 had an ADX<25.

Any suggestions?

Thanks!

Stefan
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