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Would you agree there's a problem if the slope changes when the stock
splits?
--- In amibroker@xxxxxxxxxxxxxxx, "Joe Landry" <jelandry@xxx> wrote:
>
> Don't apologize but you're not bursting my bubble, yet! ( but I'm
open to
> having it deflated).
> I've heard this knock off before and let's put it to bed if we can.
>
> Did you try zooming the chart? Both x and y? Surely the slope of the
> plotted line
> changes as you move both the x, abscissa and the ordinate, price,
but the
> calculated
> values of the slope from using linregslope does not. I think of the
slope
> as representative of the rate of change of
> that price (or other) array. I don't know what Eckhardt said or in
what
> context he said it. Maybe
> he was talking about using pencil and paper. There the scaling on
the chart
> would make a difference.
>
> Also, you have to ask yourself, why would Tomasz have coded a
linregslope
> function, or Dimitris Tsokakis and others
> used it so frequently in their work on the forum? In my collection
alone of
> valued AFL clips I get 200 hits by many different
> users of this board.
>
> Best regards
> JOE
>
>
> ----- Original Message -----
> From: "sebastiandanconia" <sebastiandanconia@xxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Thursday, August 24, 2006 9:31 AM
> Subject: [amibroker] Re: Never Took Trigonometry
>
>
> >I apologize for bursting your bubble, but angles are not going to be a
> > consistent measure. If the scale of the chart changes so does the
> > angle, even if the price data and timeframe are precisely the same.
> >
> > Trendlines that connect highs/lows, however, are consistent regardless
> > of scale. In "The New Market Wizards" mathmatician William Eckhardt
> > explains why methods based on angles are fallacious, but methods based
> > on trendlines are more legitimate.
> >
> >
> > Luck,
> >
> > Sebastian
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Charles J. Dudek" <trader@> wrote:
> >>
> >> I don't know how to convert a slope value (LinRegSlope) to an angle.
> >> I took a line from the Woodie's CCI script and converted it, but I
> >> don't think it's right.
> >>
> >> PI = atan(1.00) * 4;
> >> angle = round(180 * acos(1/LinRegSlope(C,sp)) / PI);
> >>
> >> Chuck Dudek
> >>
> >
> >
> >
> >
> >
> >
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
>
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