MA Slope

This topic contains 2 replies, has 2 voices, and was last updated by  Nigel 5 months, 3 weeks ago.

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  • #46607

    Nigel
    • Topics: 3
    • Replies: 3
    • Posts: 6

    Hi,

    Is it possible to display (via a script, in the watchlist) the degree of a slope.

    In the pic below, the slope of the 5 SMA is 132.17 degrees.

    How can I calculate this number (degree) so that it displays in the watchlist.

    At present I have MA(BARS=5, STYLE=Simple) IsUp, but that only gives me a true / false value, not a number.

    Any help would be appreciated.

    E.g. IMG_20180426_134930

    #46623
    Mathew
    Mathew
    • Topics: 14
    • Replies: 792
    • Posts: 806

    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

    #46639

    Nigel
    • Topics: 3
    • Replies: 3
    • Posts: 6

    Matthew,

     

    Thanks for the quick response & the coding ideas.

     

    Nigel.

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