Hi there.
I´m now developing a strategy which is based on 2 versions of DMI/ADX which I have tweaked a little. It is a trending strategy on a daily chart but I´m hoping to lower time the frame.
The indicators still produce some false signals. So what do you recommend me to improve it. I know Chuck LeBeau recommends the RSI but in my first look it didn´t impress me. I have to get back on that and examine that closer. And I think Parabolic Sar still lags way to much.
But what do you recommend me to do to confirm a trend. Do you think Murrey Math could help, fib, pivot, trendlines or something?
Warmest regards, Asgeir
I´m now developing a strategy which is based on 2 versions of DMI/ADX which I have tweaked a little. It is a trending strategy on a daily chart but I´m hoping to lower time the frame.
The indicators still produce some false signals. So what do you recommend me to improve it. I know Chuck LeBeau recommends the RSI but in my first look it didn´t impress me. I have to get back on that and examine that closer. And I think Parabolic Sar still lags way to much.
But what do you recommend me to do to confirm a trend. Do you think Murrey Math could help, fib, pivot, trendlines or something?
Warmest regards, Asgeir