|
PureBytes Links
Trading Reference Links
|
Hey Jack,
How bout BARS. Not the ones you find me in but the bars on the chart.
Each bar is a unit. Now on a chart you can make them further apart or
closer together but if you just use bars in a system you get one
single unit per bar.
bar1 1050 bar2 1051 bar3 1055
So rise over run for bar1 to bar2 is (1051-1050)/1 or a rise of one
over a run of one. For bar1 to bar3 it is (1055-1050)/2. Rise of 5
over run of two. There is the two dimensions. Now if you get your
handy dandy trig book out you can figure the slope for each. Well I
guess we all use computers now.
Best regards,
Jimmy Snowden
mailto:jhsnowden@xxxxxxx
Wednesday, December 10, 2003, 4:20:52 PM, you wrote:
jz> Hi Jimmy: My understanding of slope is that it requires a measure which
jz> must include the relationship of x to y axes. I don't believe that slope
jz> can be determined merely from the ratio of one number to another. Slope
jz> requires two dimensions.
jz> Regards, Jack.
jz> ----- Original Message -----
jz> From: "Jimmy Snowden" <jhsnowden@xxxxxxx>
jz> To: "jack zaner" <jzaner@xxxxxxxxxxxx>; <Omega-list@xxxxxxxxxx>
jz> Sent: Wednesday, December 10, 2003 1:57 PM
jz> 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
jz> the
>> jz> "New Market Wizards", ". . . it would become abundantly clear that the
jz> slope
>> jz> value depends directly on the choice of units and scales for the time
jz> and
>> jz> price axes." Thus a change in these values could result in different
jz> 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
>>
>>
>>
Outgoing mail scanned by Norton
|