StockFetcher Forums · Filter Exchange · Simple DMI filter.<< >>Post Follow-up
arenas
9 posts
msg #150075
Ignore arenas
1/2/2020 3:49:38 PM

Awhile ago this filter was in SF Show stocks where + DI(16)crossed aboveDI(16) within the last 1 day and Average Volume(10) is above 50000 and close is between 3 and 20 ( The original #s were 5 and 250 ) There was a suggestion that this filter works well in a trending market even without the ADX element. ( some systems combine both the DMI and ADX into one) the results are better when set to 32, also works better if you add 5 MA above 20 MA. Any Help developing that would be greatly appreciated. Thank You, Arnie

shillllihs
4,864 posts
msg #150080
Ignore shillllihs
modified
1/2/2020 5:28:03 PM

I think the consensus is that DMI does not work. Results look great because it's in a state of flux and changes. I pointed this out several years ago, some were angered at first. I may be wrong but this has been the experience of several.

arenas
9 posts
msg #150082
Ignore arenas
1/2/2020 8:36:34 PM

Thank You Shilliths for such a quick response and Thank You for pointing out that that filter is a no go. Very Much Appreciated, Arnie


arenas
9 posts
msg #150083
Ignore arenas
1/2/2020 8:37:58 PM

Sorry for mis spelling your name. Arnie

StockFetcher Forums · Filter Exchange · Simple DMI filter.<< >>Post Follow-up

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