Hello,
Randon:
Interesting theory indeed!!! Very interesting thought!!! Just remember though: look at my posts of yesterday. I truly believe I've found the issue. In other words: you should not even HAVE the problem of RTS orders not getting executed if you're trading an instrument or pair that has a high ADXR but a low ADX. Think about it. On the other hand your idea may have much merit for those who ONLY want to trade using the RTS. Good thinking. Keep working on it.
kaalilaatikko:
This 'Wilder smoothing effect' has indeed been the subject of many debates (not on the forums on this site but on the forums on one or two other sites). There seems to be no agreement as to which is the 'better' or 'more accurate' of the two. Many people are of the opinion that the only reason that Wilder did it that way was to save time (and the 'smoothing effect' was just a 'byproduct').
Also: check Delta very carefully. There are two moving average functions (and I forget now which one does which): they are the 'SMA()' function and the 'MA()' function. One of them does indeed perform 'smoothing' exactly as per Wilder's calculations and the other does not i.e. the other only uses the last 'n' periods for the moving average. I know this from coding my indicators and comparing them to my Excel Work Sheets back then. Also (I'm sure I don't have to tell you this but just in case you forget): when checking Delta and using whichever moving average function performs 'smoothing' you have to take into account the fact that the 'smoothing' has started WAY WAY back on the chart so it's not possible to check the moving average accurately by simply choosing a point on the chart and working from there. Of course there is no problem checking whichever of the moving average functions does NOT perform 'smoothing'.
I also saw you noted that you were unsure of the relationship between the ADXR and the CSI. The ADXR will show you which instruments or pairs have good strong directional movement. The CSI will show you which instruments or pairs have good strong directional movement AS WELL AS volatility (and of course volatility equals 'Average True Range').
By the way: there's nothing wrong at ALL with quoting yourself AS LONG AS YOU ARE RIGHT!!!
!!!