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Trend Analysis - Welles Wilder Diretional Movement Analysis

Posted: Fri Apr 28, 2006 12:42 pm
by dmtrader

I use Wilder's combination of ADX and DI crossover to indicate potential trending stocks. For those who are unfamiliar with this technique, it's a quantitative measure of a stock's high and low prices from day-to-day in comparison with the same stock's true price range.

Does anyone else here use this technique? If so, I'd like to share experiences and ideas as to how to pick the best entry and exit points based on the interpretation of the ADX, +DI14 and -DI14 indicator values.