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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (5603)	7/26/1998 3:41:00 PM
From: Bob Jagow	Read Replies (2) \| Respond to of 11149

Three suggestions, Stefan. -Help ADX ;) ADX(DayNum) Returns the Average Directional Movement value for the day specified by DayNum. Directional Movement is a system of indicators developed by Welles Wilder and explained in his book, New Concepts in Technical Trading Systems. (Other indicators in this system are PDM and MDM.) DayNum must be less than or equal to 0; ADX(0) returns the value for the current day. The ADX calculation is sensitive to the number of days used to calculate it. For example, ADX(0) will return a slightly different value if 100 days are used in the calculation, or if 120 days are used in the calculation. The Display Charts program uses all available days in the database to calculate the value for ADX; the Scan Database program uses the number of days specified by the DaysToLoad function. If you want the ADX function in your scans to return the same values displayed on the charts, set DaysToLoad to 500 or greater. ---------- -Print out ADX(0) and compare it to what you get. -You will still get some clunkers from setting daystoload = nnnn; unless you also set daysrequired to a high enough number to avoid newer issues. Bob