ADX Indicator

Discussion in 'Trading' started by KiasuTrader, Jan 24, 2004.

  1. dloomis514

    dloomis514 Guest

    I never heard of a negative adx.....

     
    #11     Jan 24, 2004
  2. If someone has found a way to use a particular indicator or strategy EVEN IF YOU CAN'T USE IT, more power to that person. The bottom line is profit / results, and there are many ways to achieve profit / results.

    I had a similar "conversation" with people about software recently. Again, WHATEVER WORKS for a particular person is what matters.

    Peace!



     
    #12     Jan 24, 2004
  3. jamus

    jamus

    I think where indicators help is in aiding traders visualize whats going on in the market. The ADX for instance will give you confidence that a market is trending or not. But at the end of the day Price action is king.
     
    #13     Jan 24, 2004
  4. Its inventor gave up on it and went into another line of business. He peddles now "delta"- stuff, some kind of esoteric mumbo-jumbo.
     
    #14     Jan 24, 2004
  5. Ken_DTU

    Ken_DTU

    I like using ADX for swingtrades, but not daytrading (I primarily use time & sales, volume, sector percent change, 2d hi/low breakouts for daytrades) ...

    Here's the method I've developed, fwiw:

    http://www.esignalcentral.com/learning/likepro/strategy/volume/default.asp

    Primarily I use ADX to help give decision support beyond a SMA support for increasing volatility at time of entry, in addition to volume. It's not a holy grail, but is one of a handful of indicators that's useful, to give support to "whether or not the stock's volatility" is heating up. Then of course I like to add volume etc to avoid getting in on exhausted patterns etc.


    ken
     
    #15     Jan 24, 2004