@bebigeli Hey bud, ADXi = [(ADX(i-1) * (n - 1)) + DXi] / n. Where DX is DX = [ 100 * ABS( (+DI) - (-DI) ) ] / ( (+DI) + (-DI) ) When the middle line moves up stocks are trending so your trend indicators work better and when the line moves down stocks are trading so your trading indicators (stochastics, etc.) work better.
@joram1963 Ohhhhhhh... I understand where you are coming from and no, I'm the one who is sorry about creating the confusion. I need to be more careful about what I say. I see what you mean about how that can be taken a completely different way. Put that smiley face back on, this was my bad. BTW: ETA on my S&P 500 technical analysis video is about 1 hour from now.
@alabader741 Tell you what. You do a video with backtesting the StochRSI then reply to this video and I'll screen it and improve it if it's good enough.
Accum/Dist is rolling over, ADX is rolling over, so the market is going to change from trading to trending lower. I believe that the market is going to crash soon.
@joram1963 Your challenge is to over ride your own thoughts and really listen to what is being said. This is not a S&P 500 forecast video. I'm working on one for next week now. This is an intro to the StochRSI only. So this "I'm afraid I don't agree with you" is dumb. I'm left scratching my head saying what is this bloke talking about? The S&P 500 is in a downtrend and I believe it is going lower next week and that the ADX line will start to trend higher as we move into a downtrending market.
Hi Lance, how is the Middle ADX line calculated? Is that a simple moving average?
bebigeli 1 year ago
@bebigeli Hey bud, ADXi = [(ADX(i-1) * (n - 1)) + DXi] / n. Where DX is DX = [ 100 * ABS( (+DI) - (-DI) ) ] / ( (+DI) + (-DI) ) When the middle line moves up stocks are trending so your trend indicators work better and when the line moves down stocks are trading so your trading indicators (stochastics, etc.) work better.
StockTradingMaster 1 year ago
thanks...
sublimeforexchampion 1 year ago
@joram1963 Ohhhhhhh... I understand where you are coming from and no, I'm the one who is sorry about creating the confusion. I need to be more careful about what I say. I see what you mean about how that can be taken a completely different way. Put that smiley face back on, this was my bad. BTW: ETA on my S&P 500 technical analysis video is about 1 hour from now.
StockTradingMaster 1 year ago
show us more back test plz !
alabader741 1 year ago
@alabader741 Tell you what. You do a video with backtesting the StochRSI then reply to this video and I'll screen it and improve it if it's good enough.
StockTradingMaster 1 year ago
I'm afraid I don't agree with you.
Accum/Dist is rolling over, ADX is rolling over, so the market is going to change from trading to trending lower. I believe that the market is going to crash soon.
joram1963 1 year ago
@joram1963 Your challenge is to over ride your own thoughts and really listen to what is being said. This is not a S&P 500 forecast video. I'm working on one for next week now. This is an intro to the StochRSI only. So this "I'm afraid I don't agree with you" is dumb. I'm left scratching my head saying what is this bloke talking about? The S&P 500 is in a downtrend and I believe it is going lower next week and that the ADX line will start to trend higher as we move into a downtrending market.
StockTradingMaster 1 year ago
@StockTradingMaster
OK, sorry, you are right, I thought it is a S&P 500 forecast video . . . :o(
joram1963 1 year ago
@StockTradingMaster
You said at the end: >>…so now you going to take another long entry<< I didn’t agreed with this . . .
joram1963 1 year ago