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drakov,
One of my pet peeves with metastock is that you can draw a trendline
on a chart and view that value on the chart but you can't access the
value in a system test or expert! Seems like it would be so simple.
Moving averages introduce lag. Even with a zero-lag moving average
you will still have some lag. On the Shark Fin pic that I posted for
Henk recently you may have noticed the Guppy Dif indicator that I
used. It was simply the difference of the short ma's from the long
ma's. That seemed to show the trend well and was one of the reaons
that I used it. You may wish to consider something along those lines.
Maybe someone else will have an idea. If I run across anything I'll
let you know, so stay tuned.
P
--- In equismetastock@xxxx, "drakov2002" <pradovan@xxxx> wrote:
> Is there an indicator that gives the +/- angle of a trendline?
> For example a 25 day exponential moving average or an adaptive
> moving average.
> I have looked at several trendline score indicators
> but they seem to have a lag.
> After the line starts pointing up it is still showing a minus score
> for quite a while and after the line starts pointing down it still
> shows a plus score for a while .
> Also the angle would be better than a score as you could wait for -
> 5 or -10 degrees before you exited.
> It would also help with the entry.
> I have done several backtests where the trendlines of some of the
> stocks selected were still pointing downwards to the naked eye.
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