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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (39977)	11/20/1999 7:27:00 PM
From: Gary Martin	Respond to of 44573

Hi All, Has anyone on this thread used Welles Wilder's Directional Movement Indicator (DMI)? I noticed that it is now shown with three lines (+DMI, -DMI, and ATR, also possibly known as ADX) for crossover signals. The previous version used a histogram for +, -, or neutral to gauge the market, not the line crossovers. I've been using the DMI on agricultural markets with some success. However, recently I read a synopsis of Wilder's recommendation for using DMI and found that I was using the signals a different way than he does. Double checking things, I noticed that his method worked two out of three times on volatile market(i.e. the S&P) while my interpretation worked better on the(for now)less volatile Ags. Does anyone else have experience with the DMI. Does it apply differently to different markets? This indicator looks promising to my style of trading and I was hoping to discuss its use with anyone interested. Thanks, Gary