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Dimitris,
how is the Relative Slope defined? Can you refer me to the relevant posts
please? I could not find that information in the archive.
Thanks
Alf
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dimitris
Tsokakis
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, September 02, 2001 9:01
AM
Subject: [amibroker] A note on Relative
Slope
In # 4325 Hal Brehe pointed out another
interesting property
of Relative Slope.
"only enter a trade when the Weekly chart
indicates a positive slope,
thus reinforcing the daily slope
indicators."
Generalizing this, we can see that
turning points (PIVOTS) of
weekly Relative Slope
chart,
especially out of the [-2, +2] band, give
very reliable indication
for a major trend reversal of the
stock.
Look at points A, B, C, D of att.
gif.
1. The delay is zero in each
"signal".
2. Whipsaws are absent.
3. Each pivot is determinative and the result
is 4 or 5 ascending
weeks in a BEARISH market !!
Congratulations Hal !!
Excellent idea.
I have now one more reason to believe that
Relative Slope is one
of the most efficient Technical Analysis
Tools.
Thank you very much Hal for sharing.
Best Regards
Dimitris TsokakisYour
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