Reply To: MA Slope

Optuma Forums Optuma Scripting MA Slope Reply To: MA Slope

#46623
Mathew
Mathew
  • Topics: 15
  • Replies: 887
  • Posts: 902

Hi Nigel,

A simple way would be to take the difference in price over a set number of bars and then divide that by the bars.

eg

v1 = MA(Bars=10);
(v1 -v1[10]) / 10

But essentially that is the same as the Momentum tool, so you can use that instead.

v1 = MA(BARS=10);
MOMENTUM(v1)

This is a ratio and not an angle, but the concern I have is that when we put TA values into a watchlist, we do that because we want to compare and rank them. The issue is that the “slope” is different for each security that we are looking at, so a 50c/day slope on a $1 security is very different when it happens on a $100 security.

The only way that you could do that is to “normalise” price first. I like using ATRs for that as I can then normalise using the volatility of the security.

eg

v1 = MA(BARS=10);
v2 = ATR();
MOMENTUM(v1)/v2

With this, you will have a slope for the MA that is able to be compared between different securities.

Hope that helps

Mathew

amz

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