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 ADX numbering
 
 2/1/2007 9:22:42 AM
User is offlineissac
4 posts


ADX numbering
In the Market Scope Charting, the ADX numbering is not from 1 - 100, but in the Daily Technical Triggers, they use 25+ meaning trending.

Please help me.
 2/1/2007 9:37:10 AM
User is offlineBrianTran
155 posts
5th




Re: ADX numbering
Are these charting software or services? I'm not familiar with them so I don't know how they calculate their ADX numbers. According common use, the ADX line marking greater than 25-30 is considered trending market. Do you have links to these sites? Maybe I can take a look how they interpret their indicators.
The sum is greater than its parts.
 2/1/2007 11:32:01 AM
User is offlinejarrett
7 posts


Re: ADX numbering
Please ensure that you are using the same timeframe that is used with the analysis of Daily Technical Triggers because ADX is tough. They could be using ADX separate from DI. Some software charts the values differently when DMI is plotted with ADX and DI simultaneously. As far as I know there is no way to convert values from one to the other. In addition, ADX is too slow to be used as a signal, by the time it goes above 25 the trend is well under way. Wait and watch for periods when ADX dips below 15 or even 10 and starts to rise, or when it rises after having gone 25+ .
 2/1/2007 11:52:14 AM
User is offlinebranden
5 posts


Re: ADX numbering
 Actually, now that I think about it, I know exactly what you mean. It's one of the reasons I don't use ADX with Market scope, which is a shame because it can be a really useful indicator. You simply can't use it the way they have it setup in Marketscope. I'm not sure if their programmers are really looking into it, it's been that way for at least a year. The Netdania charts display ADX very well. They are free and web based, I actually prefer them to Marketscope. I still use them on a regular basis. The only problem is that because they are free, sometimes the charts don't update and you aren't getting real time data.
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