[dpaterso]

Good (Thursday) (late) afternoon,

It seems that we've finally got some 'action' today!!!

Now:

ONCE AGAIN I find myself 'hanging my head in shame' and having to apologize on the thread!!!

Why???

Because I've been looking over what everyone has been saying about the ADX/ADXR indicator being 'wrong' at ALL the brokers and GUESS WHAT: YOU'RE ALL RIGHT!!!

I could have SWORN that I checked this indicator last year but obviously I did not (I remember now that I had 'issues' with Parabolic SAR and the ASI last year but also thought I'd checked this indicator).

Anyway: I've spent the better part of today rewriting Delta's ADX/ADXR indicator and I'm FAR from finished and my brain is 'fried' from the concentration!!!

What I've indeed found is that the ADX/ADXR indicator distributed with the platform (Delta's and GCI's and MT4's) does NOT incorporate Wilder's 'smoothing' BUT EVEN SO (let's forget about 'smoothing' for now because it's open to debate as to whether or not 'smoothing' enhances the indicators performance or not but we'll get to that) the values are WAY out if compared to 'the book' i.e. with or without Wilder's 'smoothing' and I NOW do believe that the differences are 'material'!!!

I'll complete the indicator (for Delta initially) and 'ship' it to you (well my 'clients' anyway) as soon as I'm done.

Like I said: in it's current (erroneous) form it IS working for me (us) but I now find myself wondering if it's at all possible to be EVEN MORE profitable once the darn thing is giving the CORRECT information as Wilder intended!!!