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Ask a Trainer - TC2000 version 12/18
MACD for 2 ADXs
Hi, I have 2 ADX lines plotted, and what i want to do is create a PPO or MACD of the 2 ADX lines. Basically I want to see if the shorter term ADX is increasing faster than the longer term ADX line. I feel I could create a PCF of this myself but I am not sure how to calculate ADX itself. I would prefer a PPO of the two lines if this is possible. I am using a 7 and 14 period ADX. Thanks.
I cannot think of a way to do this in either version of TC2000 (it is possible in StockFinder however).
It is possible to create Personal Criteria Formula based on DMI or DI.
PCF for Wilder's Directional Movement DMI-crossovers
PCF for Wilder's DX, and/or a CI for Wilder's ADX
But it is not possible to create a PCF for ADX itself which is short enough to be practical or post in the forums.