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Alf,
The definition is in the AFL Library
http://www.amibroker.com/library/detail.php?id=43
See also #3586, #3936, #3941, #4053 of this mail-list
Dimitris Tsokakis
--- In amibroker@xxxx, AR.Holzwarth@xxxx wrote:
> 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
> ----- Original Message -----
> From: Dimitris Tsokakis
> To: amibroker@xxxx
> 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 Tsokakis
>
>
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