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Friends,
This time I have one another problem. I shouldn't say it is a
problem. I dont know how to achieve.
Here is what I want to do...
I am creating my own indicators for Buy and Sell signals.. For this I
have taken the CCI setup... I have observed in the past from intra
day data that whenever the CCI reverses from the 0 level(Woodies CCI
Setup??) sharply then there is a good chance of the stock moving up.
I am trying to create an indicator which scans through the cci(6)
values as and when downloaded in real time and finds out whether a
sharp reversal has happened. For identifying this sharp reversal I am
trying to find out the slope at which it has converged and diverged.
Please see the attached image.. I would like find out the slope of the
blue line. I want to know how to find out the slope of convergence for
the last 4 - 6 periods at the turning point. Then I can optimize on
the slope value which is profitable for me.
Let me know how to achieve this.
Thanks,
Govind
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