Question about slope...

[Texasguy]

Any help for the lost,

I am using the strategy builder. My eventual goal is to only enter trades in the direction on the 50 SMA. My issue is asking the strategy builder to determine the slope of the SMA. How is keyword SLOPE determined? Is it measured in degrees of angle?

Currently I have Slope(SMA(Close, 50), 10, 0) <15

It asks for:

End bar 0 (current bar)
Series 1 SMA(Close, 50) (Close of the current bar on a 50 period SMA?)
Start bar 10 (10 bars back from current bar)

Then Less than

Numeric Value 10

Currently I'm asking it to DRAW a down arrow to show this works correctly...and I get nothing.

Thank you for any help you can offer.

Texasguy

[NinjaTrader_PaulH]

Hello Texasguy,

Thanks for your post.

The helpguide on Slope() advises: Returns a measurement of the steepness of a price series (y value) measured by the change over time (x value). The return value can also be thought of as the ratio between the startBarsAgo and endBarsAgo parameters passed to the method.

What I would suggest is to use the Print statement within the strategy builder to print the values of slope as they are determined to give you some idea of the values you are working with based on the parameters you are providing.

The statement: Slope(SMA(Close, 50), 10, 0) will provide the 10 bar slope of a 50 period SMA based on the close price type.

[Texasguy]

So the only way to determine slope in degrees is unlock the code and use a complicated like...

(System.Math.Atan(Slope(SMA(5),CurrentBar-1,CurrentBar))*180/Math.PI).ToString()


I copied this from another post I found. Not even sure what it all means...

Texasguy.

[NinjaTrader_PaulH]

Hello Texasguy,

Thanks for your reply.

Correct you would not be able to accomplish that in the strategy builder.