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Anthony- I see problems with making slopes or angles dimensionally
coherent because slope = rise/run and the rise would depend on scale,
while angles have the opposite/adjacent issue where scale would affect
the leg of the triangle opposite the angle.
With that said, here's something that *is* dimensionally coherent :-).
Maybe you could call it trendline momentum. Even though the
trendline lengths vary, you'd need to use a constant lookback period
(10 here) on all issues if you want the comparisons to be "apples to
apples."
trendlinemomentum = 100* ((trendline/Ref(trendline,-10))-1);
Mark
P.S. Please see my post in response to Fred, same subject, for a very
easy way to test for dimensional coherency.
--- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
wrote:
> Mark,
>
> Yes, I have read your previous posts.....I have been working on an
update to the formula **Trendline with degree output**, and from
reading your most recent post...it would seem that I am going in the
same direction.....would you call it **Normalizing the close** ?
>
> Anthony
> ----- Original Message -----
> From: MarkF2
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, June 20, 2003 12:04 PM
> Subject: [amibroker] Re: Trendline with Degree output
>
>
> Anthony- Did you see my response to DT's post? This is not a
matter
> of opinion, the formula is being misapplied.
>
> Mark
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
<ajf1111@xxxx>
> wrote:
> > I would like to thank Dimitri for lending a second pair of
> eyes....and checking over the formula for Trendline with Degree
> output.....
> >
> > Anthony
> > ----- Original Message -----
> > From: DIMITRIS TSOKAKIS
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Thursday, June 19, 2003 4:19 AM
> > Subject: [amibroker] Re: Trendline with Degree output
> >
> >
> > The angle of QQQ *is* 4deg, the angle of ^NDX *is* 72deg and
the
> > formula *is* correct.
> > See also #3825 message.
> > DT
> > --- 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,styleHi
stogram|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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