StockFetcher Forums · General Discussion · ADX Gapper...<< >>Post Follow-up
18 posts
msg #77002
Ignore eddyadiel
7/30/2009 3:03:15 PM

Please help to script the filter below which I copy paste from Street Smart book:

1. Using 12-period ADX and 28-period +DI/-DI (night session are omitted)
2. The ADX must be greater than 30
3. For Buys, the +DI must be greater than the -DI; For Sells, the -DI must be greater than +DI.

For Buys (Sells are reversed)
1. Today's open must gap below yesterday's low.
2. A Buy stop is placed in the area of yesterday's low.
3. If filled, a protective Sell stop is placed at today's low.
4. Lock in profits with a trailing stop and either Exit the position before the close or carry it into the following day if it closes strongly.


StockFetcher Forums · General Discussion · ADX Gapper...<< >>Post Follow-up

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