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Seede,
The normal interpretation of "slope" is distance Y / distance X. If X=Y it would be a 45 degree angle which would be a slope of 1. The slope can range from -infinity to + infinity. This applies when the units of measure are the same. However, in price charts the X and Y units are not the same. The X axis is "bars" and can represent different times, volumes, ranges, ticks, etc. The Y axis is price. The AFL ROC(p,n) function uses % change in p over n bars. This is a useful way to measure slope as variations in starting price are normalized (the slope is also multiplied by 100).
Dennis On Sep 2, 2007, at 4:42 PM, Sidney Kaiser wrote: Think radians, not degrees. ( 2pi not 360 ) Hello
I need some help to understand the interpretation of slope. I am using
this formula to understand it visually but i am getting out of context.
Line = C; //MA(C,50);
x=30;
Slope = (line - Ref(Line,-x) ) / Ref(Line,-x);
WriteVal (slope);
To my knowlege, a 360deg is complete circle. however the number
generated by this formula seems to be different. can someone explain or
point to info on how to understand the way angles should be
interpretted.
thanks
Seede
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