The fact of the matter is the the DMS appears to be THE ONLY system (with the POSSIBLE exception of the VS) that can ‘hold it’s own’ in the markets of today. Let me make this VERY clear however: I have checked the code of that ADX oscillator and it does NOT incorporate Wilder’s smoothing technique and it ONLY gives signals when +DI and -DI cross over each other so just be aware of this i.e. Had he not posted about this I would not have started working on it. (By the way: I actually cannot take all the credit for this because it was ‘pipgobbler’ who posted about his ADX oscillator for MT4 that gave me the idea to convert our ‘proper’ ADX into an oscillator. The Dow, for example, ‘falls like a rock’ by 400 points two days in succession and then, without warning, rallies 500 points the next (and, of course, takes pairs like GBP/JPY and EUR/JPY along with it)!!!īecause of the above the ASI / SIS / FSS ‘falls over’ because prices never move long enough in a single direction to get to a profit situation before having to SAR and the VS I’m not using so I cannot comment.ĪLL IS NOT LOST though!!! There IS INDEED a ‘silver lining’ here that I’ve now found: I pretty much broke even this week and that’s NOT GOOD!!!ĮVERYONE is complaining about the current market volatility and, as I said in an email to my clients, I don’t care whether you’ve been at this business for 100 years or for 1 year or if you’re using indicators or candlesticks or our ‘Wilder stuff’: nothing prepares you for the moves we’ere seeing. Fully illustrated with how-to diagrams, worksheets and charts, this book will be an invaluable asset to any market trader.Things ‘ain’t good’ again unfortuanately. The concepts are defined and explained, then expanded with reason and logic into basic definitive treading systems which give exact entry and exit points for trading the markets. Writing this book established Wilder's reputation as one of the world’s leading technical analysts. The three considered to be the most significant were the Directional Movement Index, the Parabolic Stop and Reverse and the Relative Strength Index (RSI). In this book, Wilder published six technical trading systems. published the book, New Concepts in Technical Trading Systems. Each advanced our knowledge of technical analysis. New Concepts in Technical Trading SystemsĪlready a legend in its own time, the orginal source for the: Directional Movement, Parabolic Time/Price, RSI (Relative Strength Index), Volatility Movement, ADX and others.įirst there were the masters – Dow, Gann, Elliott.
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