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Graham,
I agree with your assessment of price changes and slopes across many
different stocks. However, I daytrade Forex (primarily 5 currency
pairs) in real-time on 10-min charts. A degree angle of MAs would
be very useful to me as a quick indicator of where things are going
because of the many minitrends, retracements, and consolidations
throughout a single trading day.
Gernot
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> As a genberal topic discussing relative moves of stock prices and
trend
> strengths
> I prefer to use price unit per time period and through my
investigation of
> many charts I have found that this "slope" varies between
different stocks,
> and within a stock for the different price ranges. What might be
normal
> slope for one stock could be either fast or slow for another. The
strength
> of the move for a stock can also be dependant on the overall price
> behaviour. An example would be that if there has been a
considerable
> accumulation pattern the initial move, when it does happen, will
often be
> fast and short lived. Then as the "traders" move out the investors
will make
> the moves and pace will slow down. These moves can be either
direction.
> I have set up a small line on my charts to give me what could be
termed the
> "average slope" for that stock in recent times. I can then place
the gann
> fan over this using the line as the 100% (1:1 line) and move the
fan to the
> recent turning point to provide a visual aid on the progression of
the move.
> This is in its own indicator chart panel for this purpose.
>
> Cheers,
> Graham
> http://groups.msn.com/ASXShareTrading
> http://groups.msn.com/FMSAustralia
>
>
> -----Original Message-----
> From: taotra [mailto:ggoll@x...]
> Sent: Wednesday, 18 June 2003 7:27 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Trendline with Degree output
>
>
> Personally, I find the angle output very useful because it's an
easy
> to understand indicator of trend strength regardless of the time
> frame. For example, a 60 degree angle of a trendline (strong
trend)
> on a 4-hour chart can look almost flat on a 1-min chart (zoomed).
> The fact that the angle remains the same, makes it easy when
looking
> across different time periods.
>
> In addition, however, can't an angle measure be useful with MAs as
a
> measure of trend strength or consolidation? Let's say a 20-period
> MA is rising in a stairstep fashion. The average degree of that
> rise (from an imaginary horizontal zero line) over 10-, 20-, or 50
> periods would show how strong the trend is. Similarly, when in
> consolidation an MA may bounce around the flatline in a zigzag
> fashion over x periods. A low average degree (of deviation from
> zero) would indicate consolidation. Obviously, using angles with
> MAs is time-frame dependent.
>
> Gernot
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
> <TSOKAKIS@xxxx> wrote:
> > Anthony,
> > I agree, the angle output ( value ) in the title will not
change. The
> > question is the further use of the angle. The only purpose is
> to
> > know the angle, it can not go further. If it is "attractive" to
> know
> > the angle, it is OK, there is no need to change anything... Do
the
> > readers think the same way ? Is it easy for the average
> user
> > to hanlde a result angle=45 deg, the same moment he sees a 20deg
> on
> > his chart ? These are my personal hesitations and I avoid using
> angle
> > at all. But, if you like it, no problem at all !!
> > DT
> > --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
> <ajf1111@xxxx>
> > wrote:
> > > Dimitri,
> > >
> > > Thank you for the input...( actually I was hoping for your
> > comments , Thank you) ....I will make the adjustment to the
> formula
> > and re-post.....
> > >
> > > As for the angle view in respect to the zoom factor...Granted ,
> on
> > the screen , when zoomed in or out the angle perspective will
> > change .....But ...the angle output ( value ) in the title will
> not
> > change when the chart is zoomed in or out.....Therefore, the
angle
> of
> > ascent or descent will be known......( is this a correct
> > assumption ) .
> > >
> > > Anthony
> > > ----- Original Message -----
> > > From: DIMITRIS TSOKAKIS
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Sent: Tuesday, June 17, 2003 7:19 PM
> > > Subject: [amibroker] Re: Trendline with Degree output
> > >
> > >
> > > Anthony,
> > > you do not really need LinRegSlope.
> > > In the straight line equation
> > > trendline = aS * ( x -endbar ) + bS;
> > > aS is the slope, ie the tangent of the angle [in radians] and
> > > atan(aS) would be directly your "myradian"
> > > myradian=atan(aS);
> > > Then you may transform it to deg.
> > > As for the use : We do not read real angles in amibroker
> charts,
> > a
> > > pi/3 angle will look like pi/4 or pi/6 according to zoom.
> > > aS alone could do the job, ie aS1>0 for positive slope or
> aS1>aS2
> > for
> > > correlations [useful for wedges, for example...].
> > > aS is the tangent function of the angle and, from a math
> > property,
> > > angle inequalities go 1 to 1 with tangent inequalities,
> > consequently
> > > you will miss nothing .
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
> > <ajf1111@xxxx>
> > > wrote:
> > > > Thanks Mark.....I am looking into it.....
> > > >
> > > > Anthony
> > > > ----- Original Message -----
> > > > From: MarkF2
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Sent: Tuesday, June 17, 2003 3:20 PM
> > > > Subject: [amibroker] Re: Trendline with Degree output
> > > >
> > > >
> > > > Anthony- really nice, but I think there's a bug
> somewhere.
> > > Comparing
> > > > QQQ with NDX, I got slopes of 4 and 72 degrees
> respectively,
> > even
> > > > though both trendlines were 27 days and the slopes
looked
> the
> > > same.
> > > >
> > > > Mark
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
> > > <ajf1111@xxxx>
> > > > wrote:
> > > > > //Automatic Support Trendline With Degrees
> > > > >
> > > > > //Anthony Faragasso, 2003
> > > > >
> > > > > x = Cum(1);
> > > > >
> > > > > per =Param("Percent",2,0.01,3,0.01);// Sensitivity
> setting
> > > > >
> > > > > s1=L;//Array
> > > > >
> > > > > EndValue1 = LastValue( Trough( s1, per, 1 ) );
> > > > >
> > > > > startvalue = LastValue( Trough( s1, per, 2 ) );
> > > > >
> > > > > endbar = LastValue( ValueWhen( s1 == EndValue1, x,
1 ) );
> > > > >
> > > > > startbar = LastValue( ValueWhen( s1 == startvalue, x,
> 1 ) );
> > > > >
> > > > > aS = (EndValue1-startvalue)/(endbar-startbar);
> > > > >
> > > > > bS = EndValue1;
> > > > >
> > > > > trendline = aS * ( x -endbar ) + bS;
> > > > >
> > > > > //-----------------------------------//
> > > > >
> > > > > // Conversion to Degrees //
> > > > >
> > > > > //-----------------------------------//
> > > > >
> > > > > pi=4*atan(1);
> > > > >
> > > > > time=endbar-startbar;
> > > > >
> > > > > myslope=LinRegSlope(trendline,time);
> > > > >
> > > > > myradian=atan(myslope);
> > > > >
> > > > > mydegree=myradian*(180/PI);//Degrees
> > > > >
> > > > > //-------------------------------------//
> > > > >
> > > > > Plot(C,"close",colorBlack,styleCandle);
> > > > >
> > > > >
> > > > Plot(IIf(x>startbar-5,trendline,-
> > > 1e10),"Trendline",colorYellow,styleLine);
> > > > >
> > > > > direction=WriteIf(mydegree >= 0 AND mydegree <=
> 0.99,"Flat
> > > > > ",WriteIf(mydegree > 0 ,"Rising ",WriteIf(mydegree <
> > > 0 , "Falling ",
> > > > "")));
> > > > >
> > > > > DirectionColor=LastValue(IIf(mydegree >
> > > > 0,colorBrightGreen,IIf(mydegree < 0,
> > > > > colorRed,IIf(mydegree >= 0 AND mydegree <=
> > > 0.99 ,colorYellow,Null))));
> > > > >
> > > > > Title=Name()+"..."+Date()+"\n"+"TRENDLINE is
> > > > > "+EncodeColor(directioncolor)+direction+EncodeColor
> > (colorBlack)
> > > +"at
> > > > "+"( "+
> > > > > WriteVal(mydegree,1)+" )"+" Degrees";
> > > > >
> > > > >
> > > > >
> > > > > //plotting ( x, y ) grid
> > > > >
> > > > > Plot
> (startbar==x,"",colorRed,styleHistogram|styleOwnScale);
> > > > >
> > > > > Plot(ValueWhen(startbar==x,Low),"",colorRed,styleLine);
> > > > >
> > > > > //-----------------------------------//
> > > > >
> > > > > // Automatic Anlaysis window Output //
> > > > >
> > > > > //-----------------------------------//
> > > > >
> > > > > // Settings : //
> > > > >
> > > > > // n last quotations and n=1 //
> > > > >
> > > > > // explore //
> > > > >
> > > > > //-----------------------------------//
> > > > >
> > > > > Filter=mydegree > 0 OR mydegree <0;
> > > > >
> > > > > AddColumn(mydegree,"Degree",1);
> > > > >
> > > > >
> > > > >
> > > > >
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