DMI/ADX consistently works
- Thread starter nyc-hotshot
- Start date
I have the same chart up as posted yesterday, exactly the same size, and the number of bars on the page. One thing is different, the ticks that are filtered as bad ticks on my data, QCharts, makes a number of the bars I have appear different than the posted chart.
Given the variables used in the calculation of the ADX and the DMI's, this is important in reproducing the indicator exactly.
And I would like to ask specifically, what length the ADX is set to, and the what length the DMI's are set to. Thanks.
Given the variables used in the calculation of the ADX and the DMI's, this is important in reproducing the indicator exactly.
And I would like to ask specifically, what length the ADX is set to, and the what length the DMI's are set to. Thanks.
That is the main reason I use that software. It is the only one I stumbled across that makes it so easy and incredibly accurate.
Thanks WarEagle, I was just sending you a PM about that. Glad I checked first. I really think it might be the unfiltered data his charts show that get factored into the formula that makes the difference. Although, that ADX line is nowhere near what I have. At least, like you, the DMI's are very similar.
Good luck with it, and thanks again.
Good luck with it, and thanks again.
That is the main reason I use that software. I have never seen any other one that shows the DMI/ADX like that and I think it makes it real easy to see the calls and it has been incredibly accurate.
Since all you guys have been saying the ADX is actually DX or whatever, you got me worried. I called them and said "I don't know how exactly you are calculating your DMI/ADX in the software, but don't change anything." They claim they have alot of clients who trade using that indicator as well and it isn't going to be changing anytime soon. Thank God, because as I have said, I am not a technical expert and I think I would really have trouble trying to reproduce it like that on another software and I am making nice profits from this strategy each month.
I've been using the demo version of the realfasttrader/speedtrader software and it seems pretty impressive.
It looks as if it is excellent straight off the bat up until about 11-noon depending on what you look at. Then it is pretty bad the rest of the day so far.
I'm seeing that I'm still not particularly good with the entrance exit strategy yet later in the day.
But it is fun since it is only the demo at this point.
It looks as if it is excellent straight off the bat up until about 11-noon depending on what you look at. Then it is pretty bad the rest of the day so far.
I'm seeing that I'm still not particularly good with the entrance exit strategy yet later in the day.
But it is fun since it is only the demo at this point.
Anyway just wanted to say thankyou