The concept of Slope or Angle within an Indicator is vague and complex. Given that, generally there is no right answer as it depends upon the purpose of considering the slope. Will it just be a relative measure comparied to earlier measurements or is …
I am actually more concerned with speed and swing levels than slope. Unfortunatley I have not been able to find any speed indicators and have struggled with developing my own. I purchased one from a vendor but it is a utility so I am unable to incorporate it into my strategy.
I was hoping to see if there was any value added by using slope, but I had a feeling slope would be worthless in that sense.
If you guys could help me with how to program speed that would really help, or even tell me why that may not work as well.
I posted in the Develop any Indicator Thread a little while ago, seeking help with that as well.
It is all part of the same strategy I am working to develop.
Platform: TradeStation, Think or Swim, NinjaTrader
Broker: DTN
Trading: options and stocks
Posts: 22 since Feb 2012
Thanks: 9 given,
11
received
PicPick screen capture and image editor is an impressive piece of free software for covering most image management needs.
Use the protractor to calc slope
Photo editing
Massive photo editing tools like Photoshop are great, but some find them too heavy and complicated for everyday usage. PicPick is definitely a better choice if what you need is just a simple image editor. With PicPick you can easily perform simple photo editing tasks, including brightness, contrast and color adjustment, grayscale, blur, pixelate and other special effects.
Screen capture
But PicPick isn't just an image editor: it's also a full-featured screen capturing tool with which you can capture the image on your monitor in several ways: full screen, active window, user-defined area and more. Plus, PicPick can work with several documents simultaneously and captures can be triggered with customizable keyboard shortcuts, which makes it even handier.
Other tools
PicPick has a selection of othet tools that you're not going to need every day, but when you do find yourself with a need to, say, pick a specific color on your screen, magnify something, or use a virtual whiteboard to "draw" on your screen. There are 7 of these tools, and although quite niche, they're a nice touch.
Cunparis' indicator only works on tick charts. If you use the one by school of trade it seems to work on time based charts. How much did you pay for it - only if you dare admitting it?
I have the one from school of trade. It works great for discretionary trading.
I am not sure what two of them you are referring too, but I wanted to try and use speed as a prerequisite for entering trades that break a 'Swing' Level. Or at least see if there is an edge present when speed is high approaching the break of a swing level.
I wanted to use high speed as a condition for breaks of swing levels, and also slow speed for buying/selling back into a sideways range.
Needless to say, my programming skills are rudimentary; so writing the ninjascript free hand is currently beyond my means.
Trading: Currency Futures, Commodities Futures, Bonds, Stocks, Indices
Posts: 16 since Jan 2011
Thanks: 0 given,
1
received
I dont use the Wizard but it is possible to do what you want. Get the actual dimensions of delta x and delta y in inches from a Graphics object and take the ratio. I have done this to scale scharts.
