TRADINGMARKETS.COM ADX Trend Finder
                             If  I   had   to   choose   one   filter   fromTRADINGMARKETS.COM it would be this one: The higher  the  ADX  the  strongerthe trend up or down. When you combine ADX with  Plus  Directional  Movement(+DMI) and Minus Directional Movement (-DMI)  you  will  always  discover  agood trade opportunity. The ADX filter allows you a maximum  of  10  values.For uptrends you set up +DMI > -DMI (reverse equation for downtrends).
                       Search #1
                       ADX Value 1 – 10                       PX Filter more than 30                       Vol. Filter more than 500,000                       Trend Filter +DMI > -DMI
                       The next step is to increase your ADX  value  by  tenuntil you run out of stocks (11-20, 21-30, 31-40 etc…), but everything  elseremains the same.
                       Yes, I know the  higher  the  ADX  the  stronger  thetrend but you are forgetting  about  directional  movement.  Often  times  astock that has had  a  WRB  or  gap  breakout  will  consolidate  and  tradesideways  before  the  next  runaway  move  or  reversal  in  trend.   Theseconsolidations are great  spots  for  the  Generals  to  show  their  cards.Halliburton (HAL) gave us a warning on  August  4th  with  increased  volumethat it might break out of an ascending triangle. The next day we  got  goodentry at 48 1/8 and the stock traded to 50 7/8 before closing at 50 1/2.  OnAugust 4th the energies all did well on increased volume, which told us  theGenerals, were working the floor and had to reach for  stock.  Baker  Hughes(BHI), which you see on Search #1, has an ADX value of only 10, but  is  oneof the top 10 stocks in percentage gained for the last six  months  with  an83.5% gain. We want to play this stock as soon as we  see  a  volume  signalfrom the Generals with a close in the top part of its daily  range.  (Chartsillustrating this follow).                       By starting with  a  low  position  ADX  and  workingupward, we are sure to catch all of the consolidations that usually lead  toexcellent moves or the beginning of a trend reversal. When you look  at  thecharts, start with the highest ADX values first  because  that’s  where  youwill find the 3 – 5 – 8 day pullbacks, WRB Thrusts, and dynamite short  termcontinuation patterns. When you get to the lower ADX values you pick up  theconsolidations such as the HAL and BHI. As long as +DMI is > than  –DMI  allof the ADX values can  find  you  an  opportunity  to  monitor  for  a  highprobability trade.