hi abhi,
thanks for the method. pl share yr views on
1. whats the time frame that this is best suited for. will it work on daily TF ?
2. i use investbulls, i dont know how to super impose 9 EMA and ADX 14 in same frame. also how to not show +DI, -DI
3. pl give more examples on short, long. more examples will help us come upto speed
4. do u have any paper test results? how does this work in range boun market? does it avoid whips--- ADX is supposed to filter that
5. can u take nifty and show the trades for aug series? because this is a range bon market so far
YOU R MOST WELCOME
I M ANSWERING UR QUESTIONS ONE BY ONE
1.IT SHOWS BEST RESULT WHEN TRADED ON DAILY TIME FRAME .
2.I HAVE NEVER USED investbulls U MAY TRY AMIBROKER IT IS FREE U CAN ALSO GET FREE DATA AND ALSO ALL INDICATORS WOULD WORK PROPERLY ON IT , OTHERWISE IF IN INVESTBULLS ADX, DI+ AND DI- COMES IN SAME PANE U MAY CHANGE THE COLOUR OF DI+ AND DI- MATCHING WITH BACKGROUND COLOR , TO MAKE IT INVISIBLE AND ONLY ADX WOULD BE VISIBLE
3.I WILL INDEED PROVIDE RESULTS ON OTHER STOCKS , BUT I WOULD SUGGEST U TO APPLY ON NIFTY OR ANY OTHER INDEX FUTURES CONTRACT AS THEIR CHARTS ARE IN BEST FORM AND MOST OF THE TIME UNIDIRECTIONAL
4. YA I DO , CHECK THE EXCEL SHEET I HAVE ATTACHED IN EARLIER POST
THAT WAS THE PAPER RESULT ,
LISTEN FRIEND , I HAVE DESIGNED THIS TECHNIQUE ONLY TO AVOID CHOPPY MARKETS AND FALSE SIGNALS SO IT IS ITS MAIN STRENGTH
5. I HAVE POSTED THE NIFTY CHART TOOK A LOOK AND GET ANSWER OF UR QUESTION .