The DIY Economist

I'm still playing around with this (set) of indicators (and also learning how to program indicators in Ninjatrader (which I use for most of my charts here)). For this, I took the lowest (by price) moving average and subtracted it from the highest. What I end up with is something like ADX to measure the strength ...

I decided to field test the indicator first by doing paper trades in a simulated account. Take a look: 2009-04-12_1735.png After the EURUSD breakout on Friday, I saw weakness when Sunday came around. 15 minute charts have a bull trend intact, but 5 minute charts had a ribbon cross. ADX bottomed out confirming momentum and -DI ...

While browsing stumbles, this link came up. 2009-04-11_1024.png Even though this isn't talking about trading, much of the stuff on this list does apply.

I've been find better ways to determine trend (I covered ADX and Parabolic SAR already). Jose Cruset on the August 2005 issue of Active Trader Magazine described an indicator that plots the price in relation to its position above a set, or an envelope, of moving averages; if price is above most of the moving averages, ...

Good Friday, so the markets aren't open. Since this has been about my worst week so far, I need to implement a mechanical system that lets me execute trades with more confidence. Here's a start: LONG entries - when: 1. ADX > 25 and DI+ > DI- (we are in an uptrend). Ideally this should be ...