StockFetcher Forums · Filter Exchange · Directional Indices<< >>Post Follow-up
1 posts
msg #34570
Ignore palider
12/28/2004 6:45:55 PM

Does anyone know exactly how the DIs are to be used as explained by Welles Wilder? Can you create a filter to demonstrate?

81 posts
msg #34580
Ignore jclaffee
12/29/2004 12:20:08 AM

In "Trading for a Living", Dr. Elder has a full discussion of what the Directional Movement indicator measures, how it's calculated and how he would incorporate its use in a trading plan.


123 posts
msg #34591
Ignore jpistell
12/29/2004 5:03:30 PM

see also: Chuck LeBeau.
I've bought all of his systems. Loved his use of ADX and selling into strength based on an ADX driven multiple of ATR. One of the most profitable tradestation systems I'd ever tested.,GGLD:2004-37,GGLD:en&q=chuck+lebeau

14 posts
msg #34607
Ignore nrd1exr
12/30/2004 6:30:01 PM

Can you post the ADX filter you are reffering to?

123 posts
msg #34637
Ignore jpistell
12/31/2004 4:49:07 PM

Sorry, I've lost all of his trading systems in a hard drive crash several years ago. You'll find some of his scripts posted here and there on the web, but, his selling site is: (nothing SF'ers can use there)

Very Good Info FYI:
Chandilier Exit
YoYo Exit
Modified Parabolic Exit

123 posts
msg #34638
Ignore jpistell
12/31/2004 5:21:57 PM

Look to page 30 on that .pdf

Interesting little trend reversal script.

show stocks where
and adx(14) > 30
and ADX(14) > -DI(14)
and -di(14) > +di(14)
and low crossed above Parabolic SAR(0.015,0.2)

and price is > 4
and avgvol(90) is above 100000
set{longback, ma(22) 150 days ago }
and longback above 1
do not draw longback
draw avgvol(20)
do not draw pp

and date offset is 35

Trader Joe
p.s. EGOV here at $5.08 looks like it's one hot volume day from a 20% gainer. p.p.s. EGOV is a "Stocks Under $10" pick for the last 90 days or so.

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