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Hi Tom,
Stochastic and Relative Slope Trendlines give
support and resistance indications and easy
divergence visual detection .
One of the most serious use is at
www.eStreetTrading.com
I copy here their last mail to me
"Click on the link below for this week's edition of The Weekly
Analyst,
brought to you by E Street Trading.com!
http://www.theweeklyanalyst.com/clients/currentissue/
If you need a free username and password please go to the following
link to sign up http://www.esttrading.com/passwordrequest
Questions on The Weekly Analyst? Please contact us at
866-463-7878 toll free or 888-378-8734. You may also email us
at vip@xxxx .
You can also visit our website at www.eStreetTrading.com for quotes,
charts and further educational information."
They use Stochastic Trendlines as basic analysis tool for stocks,
commodities and currencies.
As for the Relative Slope, which in many cases perform better, it
is exclusively for Amibroker users.
In
http://www.amibroker.com/library/detail.php?id=113
I collected the 4 divergences in one formula, for easy reference.
You will see that in many cases the RS div is anticipating ST div
and the same thing occurs with respective trendlines.
Dimitris Tsokakis
--- In amibroker@xxxx, "Tom Supera" <tom_supera@xxxx> wrote:
> Hi,
> I've downloaded the formula from the board.
> Can anyone give me instructions to use or is there any web side.
>
> the downloaded formula:
> /*The Relative Slope Trendlines*/
> maxgraph = 8;
> D1=10;
> KUP=EMA((H+L+C)/3,D1)+EMA(H-L,D1);
> KDOWN=EMA((H+L+C)/3,D1)-EMA(H-L,D1);
> K=EMA((H+L+C)/3,D1);
> S1=2*(K-REF(K,-1))/(K+REF(K,-1));
> RS=10+100*EMA(S1,3);
> GRAPH0=RS;
> graph0color=8;
> graph1=11;
> graph2=9;
> graph2style=1;
> graph3=12;
> graph4=8;
> graph2color=graph4color=5;
> graph1color=graph3color=9;
> title="R S = "+writeval(rs-10,format=1.2)+
> " ("+writeval(ref(rs-10,-1),format=1.2)+")";
> graph5=10;
> graph5style=8;
> graph5barcolor=1;
> x = cum(1);
> per = 1;
> s1=rs;
> s11=rs;
> pS = troughBars( s1, per, 1 ) == 0;
> endt= lastvalue(ValueWhen( pS, x, 1 ));
> startt=lastvalue(ValueWhen( pS, x, 2 ));
> dtS =endt-startt;
> endS = lastvalue(ValueWhen( pS, s1, 1 ) );
> startS = lastvalue( ValueWhen( pS, s1, 2 ));
> aS = (endS-startS)/dtS;
> bS = endS;
> trendlineS = aS * ( x -endt ) + bS;
> graph6 = iif(x>startt-10,trendlineS,-1e10);
> graph6style = 1;
> graph6color = 1;
> pR = PEAKBars( s11, per, 1 ) == 0;
> endt1= lastvalue(ValueWhen( pR, x, 1 ));
> startt1=lastvalue(ValueWhen( pR, x, 2 ));
> dtR =endt1-startt1;
> endR = lastvalue(ValueWhen( pR, s11, 1 ) );
> startR = lastvalue( ValueWhen( pR, s11, 2 ));
> aR = (endR-startR)/dtR;
> bR = endR;
> trendlineR = aR * ( x -endt1 ) + bR;
> graph7 = iif(x>startT1-10,trendlineR,-1e10);
> graph7style = 1;
> graph7color = 1;
> GRAPHXSPACE=1;
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