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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (3471)9/27/2001 9:49:47 PM
From: Cush  Read Replies (1) | Respond to of 5144
 
Hi Dave. You're welcome. I'm finding it useful watching the Indexes.

Someday, I'll have to re-do the thread header with a better synopsis of what I'm currently using for signals, and how I'm using the indicators.

Briefly; I adopted the 20 period MA (from Tom I think) and the DMI lines (from Peter and Bob, I think), after reviewing bunches of charts.

It just looked to me like those two indicators, used together, gave a fairly reliable signal.

I use these indictors as a first signal.
Then, for example, if I get a buy signal, I move on to look at the MACD and Stochastic, much as I always did, though now I use the ADX to identify whether to focus on the MACD or Stochastic.

Briefly; DMI are Directional Movement Indicators.
There use is described in John Murphy's book and also at the StockCharts site.
Here's a link to an explanation of the +DI, which is the Positive Direction Movement line.
stockcharts.com

Cush