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I want to detect if for an up trend, the slope of the lows is higher than the slope of a moving average (slope of the highs for a down trend).
Or any system that will tell me if the slope of a MA is bigger than the slope of an other MA or which will give me the angle between the two MA.
Well, if we look at the bullish trend on the left side of the chart, we can see that the green line has a bigger slope than the blue line and is actually going away from it.
I could compute the difference between the two lines and check if it's increasing over a given period, but how to do if that difference is really noisy and moving around an "average value"? I think I need something like a regression line, but I don't know how to compute it or if there are existing indicators doing that.
I know there is way, given a set of points, to build the best line approximating the points. Is there a way to do that? Is an indicator already doing something like that?
Well, if we look at the bullish trend on the left side of the chart, we can see that the green line has a bigger slope than the blue line and is actually going away from it.
I could compute the difference between the two lines and check if it's increasing over a given period, but how to do if that difference is really noisy and moving around an "average value"? I think I need something like a regression line, but I don't know how to compute it or if there are existing indicators doing that.
I know there is way, given a set of points, to build the best line approximating the points. Is there a way to do that? Is an indicator already doing something like that?
Cheers,
Daniel
Yes ,you need to calculate the angle/slope of the linear regression ,there is already a linear regression slope indicator out there :http://www.forex-tsd.com/65608-post13.html
Last edited by mobdeep386; 08-09-2007 at 12:26 AM.
I just created this for you. It has taken me a long time to figure out how to check for Flat or Trending Markets. This should fill the bill, sort of speaking.
Enjoy!
Rev Dave
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Question: Do you have the assurance, the guarantee, the confidence that you will go to Heaven if you would die today?? If you do not, you can - talk to me further about true salvation and the guarantee of Heaven.
Trend Angle Direction Using Moving Averages
Linear Mode
