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Ron,
Can you point me to the original thread?
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
mrdavis9
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibrokeryahoogroups
Sent: Saturday, June 19, 2004 7:14
PM
Subject: [amibroker] DT's RelativeSlope
Additions
I am spending the day looking at old
indicators that I have not studied well. I added two items to DT's
Relative slope that enhances the value, at least for me it does. Ron
D
<FONT face="Bookman Old Style"
size=4>====================================================
Title=<FONT
face="Bookman Old Style" color=#ff00ff size=4>"RelativeSlope by DT/Modified by
RD";<FONT
size=4>
/*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 in #4336
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.*/<FONT
color=#008000 size=4>
/*Relative Slope*/
/*by Dimitris Tsokakis,Modified By Ron D 0n 6/19/04*/<FONT
size=4>
Title="RSI Aproximate Relative Slope
and EMA 5";
MidPrice=(H+L+C)/<FONT color=#ff00ff
size=4>3;
K=EMA<FONT
size=4>((H+L+C)/<FONT color=#ff00ff
size=4>3,10<FONT
size=4>);
S1=2*(K-<FONT
color=#0000ff size=4>Ref(K,-<FONT color=#ff00ff
size=4>1))/(K+<FONT color=#0000ff
size=4>Ref(K,-<FONT color=#ff00ff
size=4>1));
RS=100*<FONT
color=#0000ff size=4>EMA(S1,<FONT color=#ff00ff
size=4>3);
Plot(RS,<FONT color=#ff00ff
size=4>"RelSlope"<FONT
size=4>,colorRed,styleLine);<FONT color=#0000ff
size=4>
Plot(EMA<FONT
size=4>(RS,12<FONT
size=4>),"Ema12"<FONT
size=4>,colorBrightGreen,styleLine);<FONT
color=#0000ff size=4>
Plot(K,<FONT color=#ff00ff
size=4>"EMA(HLC,10)Blk"<FONT
size=4>,colorBlack,styleOwnScale);<FONT color=#0000ff
size=4>
Plot(MidPrice,<FONT color=#ff00ff
size=4>"MidPriceYel"<FONT
size=4>,colorYellow,styleOwnScale);
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