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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (11231)	2/2/2001 5:18:57 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 12039

"...Yes, your "Zero" point is exactly right...it is the puzzle..! Is there a way to measure the strength or "the amount of directional move?"..." Yes. My first stab will be to use something similar to Welles Wilder's Directional Movement. For example, something like +DI from the pivot where an upswing began, and -DI from the pivot where a downswing began, should give us a pretty good indication of the present "speed"? The idea is that at the beginning of the swing, at the pivot, "speed" is zero miles per hour, and if the move (for example) to the upside is extremely directional, the "speedometer" quickly moves up. Once one swing is over, the speedometer goes back to zero, and then measures the swing in the other direction. Thoughts? Teresa