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Hi Jimmy: What I am saying is suppose you plot each bar on the x axis and
space the bars one each inch. The prices are ploted on the y axis, one inch
apart. Now determine the slope. If you now plot the bars two inches apart
and hold the prices to the original one inch, the slope flattens. Nothing
has changed except the scale- - and the slope.
As an aside- -I used to fart around with slopes and angles in systems, even
though I knew they are unit scale dependant (hard headed.) I came up with
crap. It was ugly.
Regards, Jack.
----- Original Message -----
From: "Jimmy Snowden" <jhsnowden@xxxxxxx>
To: "jack zaner" <jzaner@xxxxxxxxxxxx>; <Omega-list@xxxxxxxxxx>
Sent: Wednesday, December 10, 2003 2:31 PM
Subject: Re[4]: TL Angle function
> 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
>
>
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