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Hi Jimmy: My understanding of slope is that it requires a measure which
must include the relationship of x to y axes. I don't believe that slope
can be determined merely from the ratio of one number to another. Slope
requires two dimensions.
Regards, Jack.
----- Original Message -----
From: "Jimmy Snowden" <jhsnowden@xxxxxxx>
To: "jack zaner" <jzaner@xxxxxxxxxxxx>; <Omega-list@xxxxxxxxxx>
Sent: Wednesday, December 10, 2003 1:57 PM
Subject: Re[2]: TL Angle function
> How about if you are computing slope in a system or indicator and
> using price or some value perhaps from an indicator. All you have
> there is two values or more and bars. Each bar is simply a unit. So
> you have rise over run. Or sometimes drop over run. No chart scaling
> to it and time is always the same unit.
>
> Best regards,
> Jimmy Snowden
> mailto:jhsnowden@xxxxxxx
>
>
> Wednesday, December 10, 2003, 3:49:17 PM, you wrote:
>
> jz> Alex: The slope is dependant upon scale. To quote Bill Eckhardt in
the
> jz> "New Market Wizards", ". . . it would become abundantly clear that the
slope
> jz> value depends directly on the choice of units and scales for the time
and
> jz> price axes." Thus a change in these values could result in different
slopes
> jz> (and angles) between any two points.
> jz> Regards, Jack
> jz> ----- Original Message -----
> jz> From: "Alex Matulich" <alex@xxxxxxxxxxxxxx>
> jz> To: <omega-list@xxxxxxxxxx>
> jz> Sent: Wednesday, December 10, 2003 1:11 PM
> jz> Subject: Re: TL Angle function
>
>
> >> Michael:
> >> >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?
> >>
> >> It says only that the angle isn't as significant as the slope. The
> >> slope between two points will be the same no matter how your chart is
> >> displayed (but if you multiply all your data by 10, the slope will be
> >> multiplied by 10 also).
> >>
> >> -Alex
> >>
>
>
>
>
>
> Outgoing mail scanned by Norton
>
>
>
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