DMI/ADX consistently works

I've been playing with his settings in my software, InvestorRT. Instead of one indicator that does both the ADX and the DMI (or DI + - as they call it)
InvestorRT has them separated. You can put them on separate panes of combine them on one pane. The problem is I can't get the scale to let me set both of them individually. If I could, I believe I could have it look exactly like ny's charts. As it is, I can get the ADX with a setting of one, to look the same and the DMI with a setting of 12 to look the same. But if I put them on one pane, InvestorRT doesn't handle it correctly.
I've emailed them about it and it might be fixed. Anyway, I think if you all have the ability to adjust your scaling for the two indicators separately, I think you can get it to look just like ny's.

jd
 
JD,

If its scaling that is causing the difference, then there is a serious problem. That means the crosses are purely random as they are not based on any calculation relationship between the indicators, but rather how the software plotted them on the chart.

Since we all seem to be plotting the same formula but coming up with different crosses, this is probably the case. Which either means nyc is just on a lucky streak (which I don't believe to be the case) or he knows how to manage the trades once he is in them, regardless of the actual signal.

Let's see...the best signals seem to come near the open when the stock is making its initial move, nyc keeps his losers very small, and his costs are extremely low...I'm sure there is an important truth hidden in there somewhere but I for the life of me I can't find it....:D
 
Quote from WarEagle:

Let's see...the best signals seem to come near the open when the stock is making its initial move, nyc keeps his losers very small, and his costs are extremely low...I'm sure there is an important truth hidden in there somewhere but I for the life of me I can't find it....:D
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While I don't want to stir things up, is the point of the thread to trade exactly as nyc does, or to explore ways of using the DMI/ADX to score winning trades? If the latter, there are far more options available, and they don't require a particular software.
 
Quote from dbphoenix:



While I don't want to stir things up, is the point of the thread to trade exactly as nyc does, or to explore ways of using the DMI/ADX to score winning trades? If the latter, there are far more options available, and they don't require a particular software.
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hallaluhah.. 41 pages of babble about one persons charts setup. If we can only figure this out we'll all become profitable.
 
db.. I think you had mentioned somewhere earlier in the thread the concept of dmi/price divergence. Could you elaborate on that or preferably post an example? I've never used dmi like that but am interested.
 
Quote from jstormbo:



hallaluhah.. 41 pages of babble about one persons charts setup. If we can only figure this out we'll all become profitable.
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For me, the good thing about this thread has been taking a more serious look at ADX/DMI and the divergences that happen between the DMI and price and the ADX and price.
While nyc's results are impressive, I don't trade stocks, I trade the ES, so I wanted to see if what he's doing is applicable to what I'm doing.

Like db, I don't want to muddle things up on this thread unless others feel like they want to go down that road too. And a big thanks to NYC for pointing me toward these indicators in the first place.

jd
 
Quote from JackDaniel:



For me, the good thing about this thread has been taking a more serious look at ADX/DMI and the divergences that happen between the DMI and price and the ADX and price.
While nyc's results are impressive, I don't trade stocks, I trade the ES, so I wanted to see if what he's doing is applicable to what I'm doing.

Like db, I don't want to muddle things up on this thread unless others feel like they want to go down that road too. And a big thanks to NYC for pointing me toward these indicators in the first place.

jd
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I've looked at adx/dmi off and on for a while but never really put too much weight on the indicator, especially adx but you're right at least the thread has caused me to take a closer look. That's why I'm looking closer at divergences but to be honest I've never been able to make those work either, certainly not enough to use as a primary trade trigger. I'm open to learning though. I also trade ES.
 
Quote from jstormbo:

db.. I think you had mentioned somewhere earlier in the thread the concept of dmi/price divergence. Could you elaborate on that or preferably post an example? I've never used dmi like that but am interested.
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That's why I asked my question. If the thread is to be about trading exactly like nyc, which seems to be the case, then, no, I won't elaborate in this thread. I suppose the moderator will have to decide what the focus of the thread is to be.
 
Quote from JackDaniel:



For me, the good thing about this thread has been taking a more serious look at ADX/DMI and the divergences that happen between the DMI and price and the ADX and price.

While nyc's results are impressive, I don't trade stocks, I trade the ES, so I wanted to see if what he's doing is applicable to what I'm doing.
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Actually, he apparently is not using ADX, which is another reason why I asked my question. If one used ADX in the manner described here, one could be almost guaranteed of entering a trade near the end of the trend, which would make it useful only for scalping.
 
i plot the DX indicator NOT ADX. Settings are 15 periods for everything. The only program that i can get this to work in is metastock professional,(i have tried esignal and prosuite 2000i with no success) check out the screenshot. It "seems" to work very well on the 2 min ES charts (note how it keeps you out of the choppy market). I am still experimenting with this set-up, if you take trades only when the DX line crosses over the 30 line with dmi+ and dmi- confirming, the chance of a better trade are greatly increased. :)
 

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