ADXm averages 2_6
ADXm averages 2.7 ...... (MTF-the version already posted-the last version of this series till now)
MLADEN : When a bug is planted in the head then it does not leave it easily
Found a completely different formula for McGinley average : metastock formula,and decided to give it a try and even though the average it self is not too different ,the ADXm result appeared finaly ..... so here is a version that can calculate ADXm using McGinley Dynamic
PS : Results are some times strange,but i find it useful even in that format
PPS : even though john McGinley claims that his formula (which is different than the metastoch formula) is worthless,i decided not to use his formula,difference between values produced by his formula and metastock formula are marginal,but the metastock formula does not suffer from errors when there is a series of same values (in which case john McGinley's formula fails miserably),and i find it better,Assuming that there will be no repeated values in rather naive.
- ADXm averages 2_6.ex4
- (84.05 KiB) Downloaded 319 times
- ADXm averages 2.7.ex4
- (138.21 KiB) Downloaded 493 times
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.