ADXVMA on Investor/RT

Discussion in Platforms and Indicators

Updated June 22, 2011

ADXVMA on Investor/RT

June 22nd, 2011, 12:47 PM

#21 (permalink)

capricorn77

Athens Greece

Elite Member

Experience: Intermediate

Platform: WHSelfinvest Nanotrader

Trading: ES

Posts: 8 since Aug 2009

Thanks Given: 8

Thanks Received: 0

capricorn77

the parameters are

1) adx periods
Note: dmi periods and smoothing periods may be 2 different parameters if one wishes
2) stochastic periods
3) ema periods

the original adx uses Wilder's smoothing. In order to have better parameter resolution and the ability for fast adxvma lines (if one wants to use them), ema smoothing should be used for the adx computations.

Since

wilders(variable, wilders_periods) = ema(variable, 2*wilders_periods -1);

if one insists on using wilders smoothing, then the parameter wilders_periods should be allowed to take 0.5 increments

cheers