since we practically care about the Net DI (difference between DI+ and DI-), which shows what price pressure is prevailing (buying vs selling) and causing the move, i removed the original lines, and replaced with a zero-base cloud that represents that Net Difference.
removed smoothing in calc from DI lines and Net difference. allowing it to act as a "relatively" leading indy for price move.
it's now easier to spot divergence between that net DI difference "cloud", and Price Action or ADX movement, suggesting current trend move maybe about to end or ease down. see attached screenshot.
I've been working on a multi-timeframe momentum strategy focused on the ADXVMA for a few months now. It uses 4 Range bars for entries and 11 range bars for filters. No secrets, the code is below (keep it amongst the Elite brothers and sisters please).
here is a fixed version of the dma that mike and sam and peter and sys trader all worked on. now it can be set to 14 zerolag 1 adx for the sharky consolidation plots so have fun and enjoy...sharky
DELETE THE OLD ONE OUT OF YOUR NINJATRADER BEFORE YOU DOWNLOAD THIS ONE!!!!!!!!!!!!!!!!!!
November 4th, 2010 05:12 PM Houston Jr Interesting chart you are working on...has potential, if Im not inputting my biases...added the MomStop V2 with momenty