DMI/ADX consistently works

Discussion in 'Technical Analysis' started by nyc-hotshot, Aug 22, 2003.

  1. Stok

    Stok

    Anymore updates to the ADX/DX mystery?? I've been messing around in ensign and really can't come up with anything that resembles nyc's charts. Anyways, thanks for all the input from the board.

    Stok
     
    #231     Sep 30, 2003
  2. amazing. the guy is churning out profits using a squiggly line that he doesnt even how its calculated. trading is in fact amazing.
     
    #232     Oct 1, 2003
  3. Stok

    Stok

    Been doing more research and I know how nyc's charts are calculating the ADX line. It is just a basic DX calculation of the 15 period DMI+/DMI- lines......it is quite obvious from his charts. The only reason WarEagle's chart is plotting the DX differntly is that the 2 charts he laid out comparing his chart verses nyc's has the DMI lines plotting differently.

    When one does a traditional ADX line....to make it a DX line, do a 1 period MA. Most charting programs just ask what period for the ADX/DMI together...then it will plot the DMI+/- 15 period, and then a 15 period MA of the DX line (the ADX).

    So, nothing funky here....just a basic DX line, and that is what spreedtrader uses is all. My old metstock software can do the same thing.

    Stok
     
    #233     Oct 2, 2003
  4. the calculation of the funky ADX has been discovered! i think we can all start making the big bucks now?
     
    #234     Oct 3, 2003
  5. Stok

    Stok

    Ha!

    Just a FYI...I downloaded the Cybertrader pro demo and it has a DX function and the charts look just like nyc's.

    Stok
     
    #235     Oct 3, 2003
  6. Thanks for the clarification on the DX/ADX. It's definitely helpful to know that it is DX and not ADX. If anything ever happens with my current broker or software, I'm going to need to know that when I look for another platform.

    Huge call on CSCO this morning. Buy CSCO @ 20.46 10:16am - Sell CSCO @ 20.75 10:50am. Too bad I only had 2000 shares instead of my normal 3000.
     
    #236     Oct 3, 2003
  7. so now that we know how to plot the exact same thing, is anyone out there actually trying to trade like nyc??? Stok?
     
    #237     Oct 3, 2003
  8. WinSum

    WinSum

    Did anyone come up with a TradeStation code that can plot nyc's graph, especially when the indicator gives out a buy/sell signal before the first 15 minutes of the day ?

    please post code.

    TIA
     
    #238     Oct 5, 2003
  9. if we could only figure out how to plot this thing, we'd have the holy grail.
     
    #239     Oct 5, 2003
  10. Let me make sure I understand you correctly. You set the DMI+/- to 15 periods and then set the "ADX" to 1 period to make it a "DX" line. Is that correct?

    When I do this in Ensign Windows, I get an ADX line that stays pegged at 100% and occasionally drops to 0% for 1 bar and then returns to 100%. I tried setting the ADX to 2 periods and it looks a lot closer, but still is not what nyc-hotshot's charts look like.

    Also, the DMI+/- lines do not cross where his do. On the 9/25 screenshot (see this post), nyc-hotshot's lines touch, but do not really cross at around 10:10 AM. On my 2-min chart of CSCO for 9/25, the lines do not touch or cross until 10:58.

    Is anyone else trying to duplicate this in Ensign? Have you been able to get it to work right?

    The way I'm doing it in Ensign is to create 2 instances of the DMI indicator overlaid on each other in the same sub-chart window. On the first instance of the DMI indicator, I set it to 15 periods and turn the ADX line off and leave the DMI+/- lines on. On the second instance, I set it to 1 period and turn the DMI+/- off and leave the ADX line on.
     
    #240     Oct 5, 2003