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Jody-
You might consider using percentage change charts with equal axis scalings
for intermarket slope comparisons using trig functions, as others have
suggested.
-Bob
- Original Message -----
From: Jody Ellis <ellis_jody@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, October 29, 2001 5:59 AM
Subject: Re: Angles
> Thanks to all of those who responded, I really appreciate it.
>
> However, I still didn't find a solution. What I think will work almost as
> effectively is dividing the price change by the average true range of the
> market. Something like:
>
> Value1 = (Close - Close[1]) / AvgTrueRange(50);
>
> This gives me kind of what I want, which is a way to measure the speed of
> the market, but it won't be quite as standard as just measuring the angle
> between the two closes, because different markets have different levels of
> volatility.
>
> I'll keep trying though, and let you know if I do it.
>
> Thanks.
>
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