Re: Angle of ascent/descent

["Nick Channon" <nick.channon@xxxxxxxxxxxxx>]

Hi Maurice, many thanks for your suggestion - 
sounds good, I'll give it a try.
All the best,
Nick
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Maurice 
  Cruz 
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
  Sent: Friday, January 11, 2002 9:00 
  AM
  Subject: Angle of ascent/descent
  
  Nick,
   
  I also look at angle of ascent/descent as a factor in my 
  trading. 
  Unfortunately, I don't have a way of coding this into a 
  exploration, but I would like to share with you how I measure the angle in 
  case you might find it useful. 
   
  In my case, I use the Linear <FONT 
  face=Arial>Regression tool. I look at a  stock's price history to 
  find periods where it went into a steep dive. I draw a linear regression on 
  the dive. Then I copy the regression line and use this as a kind of benchmark 
  to measure future dives. To check if this is the "right" angle for this stock, 
  I superimpose the copy of the line on other steep price dives in the stock's 
  history. I may adjust the angle slightly to get a better overall fit. 
  
   
  In most cases, when the stock starts to dive at the same 
  angle--meaning I can apply the previous regression line with a good fit--then 
  I know a setup is in the making and history is repeating itself. 
  
   
  Unfortunately, I don't know how to translate a 
  particular line into a code
  for and exploration. So if you get some helpful tips, 
  please pass on the info. 
   
  Hope this helps,
  Maurice
   
  P.S. I use the same method for measuring the angle of 
  ascent for a selling climax. 
   
   
   
   
   
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        <DIV 
        style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
        <A title=nick.channon@xxxxxxxxxxxxx 
        href="mailto:nick.channon@xxxxxxxxxxxxx";>Nick Channon 
        To: <A 
        title=metastock@xxxxxxxxxxxxx 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
        Sent: Tuesday, January 08, 2002 
        5:57 AM
        Subject: Angle of 
        ascent/descent
        
        Hi, could anyone please tell me the best 
        way to determine the angle of ascent or descent of an indicator? I've 
        tried comparing the values over the last few bars, but this seems a 
        clumsy way of achieving it.
         
        I'm interested to detect significant 
        changes in the angle of ascent / descent.
         
        Many thanks,
        <FONT face=Arial 
  size=2>Nick