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nt8 slope for wma


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nt8 slope for wma

  #1 (permalink)
whitestone, new york
 
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nt8 slope for wma

is there a slope multi that canbe applied to a wma for nt8?

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  #3 (permalink)
Market Wizard
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bobarian View Post
is there a slope multi that canbe applied to a wma for nt8?

Is this any help?


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  #4 (permalink)
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DavidHP View Post
Is this any help?


Thank you David.Im looking for actual slope in degrees of the moving averages.Often times, when price is rotating ,it can give off false trend signals.With the slope reading, I can for example, filter trades , so that ithe mov averages have a slope of 65% ,or below, it wouldn't be considered a trend yet.Anything above 65%, I start looking for pullbacks with the trend.

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  #5 (permalink)
Market Wizard
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bobarian View Post
Thank you David.Im looking for actual slope in degrees of the moving averages.Often times, when price is rotating ,it can give off false trend signals.With the slope reading, I can for example, filter trades , so that ithe mov averages have a slope of 65% ,or below, it wouldn't be considered a trend yet.Anything above 65%, I start looking for pullbacks with the trend.

I think after much looking you will find that slope is not a good measure.
The slope of a line and ma changes if you expand or contract the chart.
The charts are not fixed scale so slope (IMO) is mostly not accurate.

FWIW

Check this out:


I think Fat Tails has come the closest to creating something that shows slope.

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  #6 (permalink)
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bobarian View Post
Thank you David.Im looking for actual slope in degrees of the moving averages.Often times, when price is rotating ,it can give off false trend signals.With the slope reading, I can for example, filter trades , so that ithe mov averages have a slope of 65% ,or below, it wouldn't be considered a trend yet.Anything above 65%, I start looking for pullbacks with the trend.

@bobarian, @DavidHP is correct that Fat Tails has decided slope is not a good method for trading. But in an earlier post he did provide an NT7 indicator that might suffice for your needs. PLEASE note that DAvidHP's referred post is from much later than the one below so do not think this refutes David's info:

Fat Tails View Post
It is certainly possible to normalize the average rise over run and then convert the outcome to a synthetic angle, which can be taken as a measure for the strength of a trend. But in the end you need to be aware that all you do is to compare momentum to intra-bar volatility (the bar size).

I have taken a few minute to code a quick and dirty slope indicator that passes the C'Test (coherency test) by William Eckhardt). It is basically a momentum indicator that has been normalized via the average true range. The indicator values mostly stay within a range of (+1.5/-1.5) across all instruments and timeframes. It is possible to convert the synthetic slope to a synthetic angle by using the arc tan function.

Of course the same calculation can be applied to a linear regression channel or a trend line. The indicator is attached.


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  #7 (permalink)
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Perry uses an MA Slope Multi indicator which was designed by Erez. This indicator can color the MA 's depending on the slope and there is a numeric indication of the slope angle.
For further details, refer to https://futures.io/articles/trading/Perrys-Method-Part-II

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  #8 (permalink)
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Slope indication for 33 different moving averages

I have posted an indicator that allows for plotting all sorts of Keltner Channels. You will find it here:



You may select the WMA or anyone of the other 32 moving averages as the channel midline. In case that you only wish to display the WMA, but not the channel lines, you may switch the channel lines off under display options.


The indicator uses the slope of the midline for coloring the plots and the channel. There are three states

- upsloping
- downsloping
- flat

There is a sensitivity parameter "neutral threshold" which allows for adjusting the range of slopes that are considered as flat. When you set this parameter to 0, all slopes will be qualified as upsloping or downsloping. When you set the parameter to 100, a comparitively large range of slopes will still be considered as flat.

The slope of the WMA can also be shown via the paint bars.


The first chart shows a Keltner Channel which is colored according to the slope of the WMA. The neutral threshold is set to 0. Therefore there are no slopes being considered as flat.




The second chart has the channel and channel shading deactivated under the display options. It shows the WMA colored according to slope. The range of flat slopes has been defined by setting the neutral threshold to 50. The slope can also be shows via the paint bars.


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  #9 (permalink)
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Fat Tails View Post
I have posted an indicator that allows for plotting all sorts of Keltner Channels. You will find it here:



You may select the WMA or anyone of the other 32 moving averages as the channel midline. In case that you only wish to display the WMA, but not the channel lines, you may switch the channel lines off under display options.


The indicator uses the slope of the midline for coloring the plots and the channel. There are three states

- upsloping
- downsloping
- flat

There is a sensitivity parameter "neutral threshold" which allows for adjusting the range of slopes that are considered as flat. When you set this parameter to 0, all slopes will be qualified as upsloping or downsloping. When you set the parameter to 100, a comparitively large range of slopes will still be considered as flat.

The slope of the WMA can also be shown via the paint bars.


The first chart shows a Keltner Channel which is colored according to the slope of the WMA. The neutral threshold is set to 0. Therefore there are no slopes being considered as flat.




The second chart has the channel and channel shading deactivated under the display options. It shows the WMA colored according to slope. The range of flat slopes has been defined by setting the neutral threshold to 50. The slope can also be shows via the paint bars.


Thank you Harry.Im trying to import this indicator into NT*, and im getting this error message.I just downloaded it, so im not sure what the problem is

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  #10 (permalink)
Market Wizard
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bobarian View Post
Thank you Harry.Im trying to import this indicator into NT*, and im getting this error message.I just downloaded it, so im not sure what the problem is

you may wish to tell us what the error message says.
Otherwise it will be difficult to know what problem you are having.

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