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Post# of 140146
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Market Technician

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Market Technician

Re: gitonwithit post# 53945

Monday, 02/15/2010 2:25:12 AM

Monday, February 15, 2010 2:25:12 AM

Post# of 140146
5,35 is the build for an elliott wave oscillator. I think the only way to mimic that particular oscillator on stockcharts.com is to build it with an macd histogram. That's why I mentioned it. Some programs do not have the EWO. I use it on the free Netdania charts.

Concerning the ADX, it is different from the EWO and the MACD in terms of math. The ADX combines +DI with -DI, and then smooths the data with a moving average to provide a measurement of trend strength. Because it uses both +DI and -DI, ADX does not offer any indication of trend direction, just strength.

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