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

To: Christopher who wrote (10330)	5/26/1999 10:05:00 PM
From: gonzongo	Read Replies (1) \| Respond to of 12039

Christopher- I am no expert on ADX or VHF but Richard was not offended. He said: "What settings do you use for VHF? or ADX? How did you test VHF? Did you set entry/exits on it? If you feel ADX suits you use it. But never use anything because someone recommends it." He asked you for the settings so he could look at them. He asked you how you tested VHF vs. ADX. He then said If you like ADX then use it. He then made a general statement about all indicators that says you should only use something after you test it not because someone recommends it. As far as sharing knowledge- if you go back to the top you will see the general invitation. Say what makes sense to you and as often as you like. But please allow for intelligent discussion and gentlemanly/womanly argument for that is how people can benefit in my opinion. gonzongo

To: Christopher who wrote (10330)	5/26/1999 10:34:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

Not offended at all, Chande points out that VHF is more reliable and responsive than ADX. I consider him the best of living TA innovators. He suggest putting a MA on VHF to smooth it when you use shorter periods. I use mid price with VHF rather than close. Most books including Chande, stress futures rather than stocks. I am a believer that while the old classics are available in most programs, they are not responsive to stocks. The simple cross of 30 or .30 is the measure of trending to me in both indicators. It confirms a trend is in place, now what you do with it depends on other methods for entry/exit. Check WCOM for example on trading zones in both indicators. In the 31 years of my connection with TA, I have read many books too. It is very important for one to do so. But if my mother suggested an indicator, I sure would test it.