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#1 Selling Amibroker Plugin featuring:
Buy/Sell and Dir. Mov. Equalized by David Fennick for Metastock
I call this formula “Buy/Sell and Dir. Mov. Equalized”. This formula comes from the components of two other Indicators in found in Metastock – The Demand Index and the Directional Movement Indicator, or ADX. Fortunately, Metastock offers isolated components of each of these two so they can be plotted individually or combined with others.
I do not trade off the signal generated by this indicator alone. It crosses the Zero line too often for my liking. Rather, I plot a seperate Price Osc. on top of it and use the signal generated by that Osc
Author: David Fennick : davidf2/at/mindspring/dot/com
Indicator / Formula
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