Replies to post #7723 on MDA - Market Direction Analysis (MDA)

[hk2]

Thanks for posting that. I've always wondered how +DI/-DI were calculated. Looking at the formula, now I now what happens if you let a mathematician loose without adult supervision. {G}

[augieboo]

Hi Culmus,

I'm already behind in my project, but I haven't forgotten you. (:

Thanks for posting the ADX info, especially the picture. It proves that mathematics is truly the international language. Unfortunately, it's a language I don't speak very well -- whether explained in English, German, or Greek for that matter. {g}

But seriously, I should have been more specific in what I said about the ADX. I have a couple books that give the formula and discuss how it's created. But implementing it in Excel looks like it would be so complicated that I've never taken the time to do it. I just use the ADX on StockCharts.com and leave it at that.

(:

augie

p.s. I'll get started on those other indicators right away this morning before I get too involved in other stuff.