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Jack,
Yeah, I agree you change the chart it changes the angle. Useless.
Like you I tried some angle and slope stuff in systems but hell most
of my systems don't work anyway.
Best regards,
Jimmy Snowden
mailto:jhsnowden@xxxxxxx
Wednesday, December 10, 2003, 11:22:27 PM, you wrote:
jz> Hi Jimmy: What I am saying is suppose you plot each bar on the x axis and
jz> space the bars one each inch. The prices are ploted on the y axis, one inch
jz> apart. Now determine the slope. If you now plot the bars two inches apart
jz> and hold the prices to the original one inch, the slope flattens. Nothing
jz> has changed except the scale- - and the slope.
jz> As an aside- -I used to fart around with slopes and angles in systems, even
jz> though I knew they are unit scale dependant (hard headed.) I came up with
jz> crap. It was ugly.
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 2:31 PM
jz> 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
jz> which
>> jz> must include the relationship of x to y axes. I don't believe that
jz> slope
>> jz> can be determined merely from the ratio of one number to another.
jz> 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
jz> in
>> jz> the
>> >> jz> "New Market Wizards", ". . . it would become abundantly clear that
jz> the
>> jz> slope
>> >> jz> value depends directly on the choice of units and scales for the
jz> time
>> jz> and
>> >> jz> price axes." Thus a change in these values could result in
jz> 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
jz> is
>> >> >> displayed (but if you multiply all your data by 10, the slope will
jz> be
>> >> >> multiplied by 10 also).
>> >> >>
>> >> >> -Alex
>> >> >>
>> >>
>> >>
>> >>
>> >>
>> >>
>> >> Outgoing mail scanned by Norton
>> >>
>> >>
>> >>
>>
>>
>>
>>
>>
>> Outgoing mail scanned by Norton
>>
>>
Outgoing mail scanned by Norton
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