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How to read ADX correctly for CHOP
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Created: by perryg Attachments:4

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How to read ADX correctly for CHOP

  #11 (permalink)
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hi perry,
just to understand :
you have modified dannys code now ?
or added something ?
or what ?
will it overwrite dannys first version ?

basicaly its easier for all to follow the action if you use diff. named versions wich do not overwrtite the older ones when adding new functions + trying out new variations - as long as the development runs. do it with "save as ...." before adding stuff to the original code.
iE DMplusV1 ... V2 ....

BTW - interesting topic here !

max-td
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  #12 (permalink)
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Max,

I have modified and added code. As I am not a programmer myself, but can read and change code sometimes.
I will in future do as you say. The original change that I requested, was done by Danny, but here I changed font size, colours, and position to what I want. After that I sent out to all (perrys trading platform) that version. I have now added more code to enhance the "END of TRADE" situation as this is how I would like to see the final version

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  #13 (permalink)
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Perry,

Thanks for your important input regarding ADX and DMs.

If the DMPlus code in this thread is the same as in the other "platform" thread, to avoid confusion, only one thread should be used as the location for the file.

The other thread could show the link and post # for the code location. Thanks for your help.

Also noticed font name "Ariel" in the code. I believe the correct spelling (at least in my system) is "Arial" - although after testing it doesn't seem to matter...

kz

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  #14 (permalink)
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Kz,

Thanks for the remark. The main dissucssion of the use of ADX/DM is on the "Perrys Trading Platform" thread. There the updated indicators will be. This thread was a request for some help regarding the coding, but the continued discussion with examples are on the other thread.

Thanks for catching the spelling of the "Arial" font, as I did not like the way the letters came out on the chart, but did not know why. This is the exact reason. Thanks .

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  #15 (permalink)
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What DMplus setting do you use? I use 4 range in general and on default there are no trades many days. I Appreciate the good work on this. Trying to find a good chop filter that can bring me up to 80%. Thanks!

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  #16 (permalink)
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Southsea View Post
What DMplus setting do you use? I use 4 range in general and on default there are no trades many days. I Appreciate the good work on this. Trying to find a good chop filter that can bring me up to 80%. Thanks!

SouthSea,

I have used up until now a value of 5, but have been testing a value of 3 which seems to be even better. The crossover of the DI plus and DI minus together with the price action seems to be even better with a 3.

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  #17 (permalink)
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Does anyone know how to call this from a Strategy as an extra qualifier?

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  #18 (permalink)
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Rohok View Post
Does anyone know how to call this from a Strategy as an extra qualifier?

Rohok,

Did you make any progress with use of the indicator in a strategy? If you have, can you please post a sample (without revealing the whole strategy of course)?

Thanks,
Jon

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  #19 (permalink)
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perryg View Post
SouthSea,

I have used up until now a value of 5, but have been testing a value of 3 which seems to be even better. The crossover of the DI plus and DI minus together with the price action seems to be even better with a 3.

Hi Perry

Are you still using a value of 3 or are you back at 5?

Thanks
Greg

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  #20 (permalink)
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grego View Post
Hi Perry

Are you still using a value of 3 or are you back at 5?

Thanks
Greg

I am using a value of 2

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