Quote:
Originally Posted by Michel
Don't use angles, use slopes instead (pips per minutes), it's far easier as you do not have to fight against the zoom, timeframe change, axe's scales etc of the chart representation. Angles are not at all an absolut concept as slopes are.
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Angles are basically using a trig function (MathArcTan) to convert slope(DeltaY / DeltaX) to angle in radians or degrees. The problem still remains. I modified using pips per minute and still find the same problem as before. When moving out to higher timeframes the range of values decreases at each step.
On GBPUSD the ranges are
1 minute 1.4 to -1.5
5 minute 0.47 to -0.61
15 minute 0.20 to -0.21
30 minute 0.13 to -0.10
60 minute 0.12 to -0.15
240 minute 0.05 to -0.07
1440 minute 0.03 to -0.03
Robert