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Steve, after some experimentation, I found that your points are true.
I charted a stock and determined the angle of a trendline. Then I
multiplied by 10 the stock data, and the same trendline --that is,
connecting the same two high bars--produces a different angle.
What does this say about trendlines?
----- Original Message -----
From: "Steve Guiot" <guiot@xxxxxxx>
To: <Omega-list@xxxxxxxxxx>
Sent: Tuesday, December 09, 2003 3:29 PM
Subject: Re: TL Angle function
> This is really not answering your question but are you sure you want
> anything to do with angles? Did you know that the angle is dependent
> on the screen and not the price. If you widen or narrow the bars or
> zoom in or out on the chart the angle value changes. If you want the
> calculation to always be constant no matter how you view it, consider
> using the slope.
>
>
> -------Original Message-------
> From: Michael Tepper
>
> After adding a Trendline on two points in a chart (highs) and
> clicking on it I get the angle, this value looks like a normal angle
> (-30.9) degrees.
>
> If I use the TLAngle function between the same points, the resulting
> value is different.
>
> TLAngle(HIGH[39],39,HIGH[0],0) = -4.42
>
> How do I get the -30.9 in a trading system?
>
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