Announcement
Collapse
Looking for a User App or Add-On built by the NinjaTrader community?
Visit NinjaTrader EcoSystem and our free User App Share!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
See more
See less
Partner 728x90
Collapse
NinjaTrader
Rising or falling slope
Collapse
X
-
Hello Brucelevy,
Thank you for your note.
You can check the Rising and Falling of the slope by using -
Code:// Rising if(Slope(Close, 0, 1) > Slope(Close, 1, 2)) // Falling if(Slope(Close, 0, 1) < Slope(Close, 1, 2))
https://msdn.microsoft.com/en-us/lib...vs.110%29.aspx
Let me know if I can be of further assistance.Cal H.NinjaTrader Customer Service
-
Before you start calculating angles please have a look at these threads:
this thread is probably dead but maybe someone needs the answer still. First, why should you be interested in slope... Well, it's an immediate response to change and allows for a visual view if using lines, boxes, rectangles... etc to see what's happening. It is easier to view a program and your logic visually... I am using int names as example to help reason the code int starting_bar = 4... Bars back int ending_bar = 0... Now int smaperiod = 4 double Degree =Math.Round(System.Math.Atan(Slope(SMA(smaperiod),startingbar, …
"Slope" does not exist on scalable charts. The concept "Slope" refers to print outs and was used 50 years ago when charts were printed and neither the time scale nor the price scale were ever changed. Ticks are not suited to normalize momentum or slope But ticks or tick size are not at all suited, because the ticks do not reflect volatility. Forget the ticks, you cannot use them for normalization. And best forget the concept of slope, angles and remember that they were just used to visualize …
Charts can be horizontally and vertically compressed. Angles and values for the slope were used prior to the advent of the PC and should not be used anymore. Slope is just a proxy for momentum. Instead of calculating slope you should take the momentum or the rate of change. Best normalize momentum by dividing it through the average range or the standard deviation calculated over the momentum period.
For more information please read the article "The C-Test" by William Eckhardt published by "Stocks & Commodities", which can be downloaded from the archive of www.traders.com. Here is an excerpt:
"RIGHT ANGLE INCLINATIONS:
The fallacy concerning the sizes of angles in a bar chart or price graph arises from ignoring price/time heterogeneity. As an example, consider the claim that a major downtrend and the subsequent uptrend tend to be at right angles to each other. In Figure 1, the first chart conforms to the right-angle rule; in Figure 2, the uptrend falls short of the right-angle projection; in Figure 3, the uptrend exceeds the projection. The problem: These are all charts of the same price series (December 1989 gold, July 17, 1989, to December 1, 1989), but only the vertical price scale is different. This technique is likely to give the user varying results depending on the chart service he or she uses."
I have attached the charts from this text below.Last edited by Harry; 02-14-2015, 06:07 PM.
Comment
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by LawrenHom, Today, 10:45 PM
|
0 responses
3 views
0 likes
|
Last Post
by LawrenHom
Today, 10:45 PM
|
||
Started by love2code2trade, Yesterday, 01:45 PM
|
4 responses
28 views
0 likes
|
Last Post Today, 10:31 PM | ||
Started by funk10101, Today, 09:43 PM
|
0 responses
7 views
0 likes
|
Last Post
by funk10101
Today, 09:43 PM
|
||
Started by pkefal, 04-11-2024, 07:39 AM
|
11 responses
37 views
0 likes
|
Last Post
by jeronymite
Today, 09:37 PM
|
||
Started by bill2023, Yesterday, 08:51 AM
|
8 responses
44 views
0 likes
|
Last Post
by bill2023
Today, 09:27 PM
|
Comment