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Mark,
Frankly speaking, the only thing I donīt need now is the angle of
these trendlines you see in
http://groups.yahoo.com/group/amibroker/message/42800
W. Eckhardt dimensional coherency would not help either.
Decision making [for sessions like this] is painful and needs more
serious criteria [and increased risk...]
I never say no to theoretical discussions, if they will lead us to
some result...
DT
--- In amibroker@xxxxxxxxxxxxxxx, "MarkF2" <feierstein@xxxx> wrote:
> I agree, but perhaps "problem with the application of the formula"
> would be a better way of putting what I mean. The reason for the
> difference is that these angles are *not* dimensionless. This is
> because, for the angle they're trying to measure, they use #periods
> for the adjacent leg of the triangle, while the opposite side is in
> points. So a 2% move in a $10 stock translates into a vastly
> different angle than does a 2% move over the same number of periods
in
> a $1000 index. Put another way, the exact same angle, for the exact
> same stock, would be different with split adjusted data. William
> Eckhardt calls the concept of an indicator or formula being immune
to
> such issues dimensional coherency (which this formula lacks).
> Clearly, it's an issue if you're doing an exploration and ranking
> stocks by angle.
>
> Mark
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>
> wrote:
> > The angle of QQQ *is* 4deg, the angle of ^NDX *is* 72deg and the
> > formula *is* correct.
> > See also #3825 message.
> > DT
> > --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
> <ajf1111@xxxx>
> > wrote:
> > > Thanks Mark.....I am looking into it.....
> > >
> > > Anthony
> > > ----- Original Message -----
> > > From: MarkF2
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Sent: Tuesday, June 17, 2003 3:20 PM
> > > Subject: [amibroker] Re: Trendline with Degree output
> > >
> > >
> > > Anthony- really nice, but I think there's a bug somewhere.
> > Comparing
> > > QQQ with NDX, I got slopes of 4 and 72 degrees respectively,
> even
> > > though both trendlines were 27 days and the slopes looked the
> > same.
> > >
> > > Mark
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso"
> > <ajf1111@xxxx>
> > > wrote:
> > > > //Automatic Support Trendline With Degrees
> > > >
> > > > //Anthony Faragasso, 2003
> > > >
> > > > x = Cum(1);
> > > >
> > > > per =Param("Percent",2,0.01,3,0.01);// Sensitivity setting
> > > >
> > > > s1=L;//Array
> > > >
> > > > EndValue1 = LastValue( Trough( s1, per, 1 ) );
> > > >
> > > > startvalue = LastValue( Trough( s1, per, 2 ) );
> > > >
> > > > endbar = LastValue( ValueWhen( s1 == EndValue1, x, 1 ) );
> > > >
> > > > startbar = LastValue( ValueWhen( s1 == startvalue, x, 1 ) );
> > > >
> > > > aS = (EndValue1-startvalue)/(endbar-startbar);
> > > >
> > > > bS = EndValue1;
> > > >
> > > > trendline = aS * ( x -endbar ) + bS;
> > > >
> > > > //-----------------------------------//
> > > >
> > > > // Conversion to Degrees //
> > > >
> > > > //-----------------------------------//
> > > >
> > > > pi=4*atan(1);
> > > >
> > > > time=endbar-startbar;
> > > >
> > > > myslope=LinRegSlope(trendline,time);
> > > >
> > > > myradian=atan(myslope);
> > > >
> > > > mydegree=myradian*(180/PI);//Degrees
> > > >
> > > > //-------------------------------------//
> > > >
> > > > Plot(C,"close",colorBlack,styleCandle);
> > > >
> > > >
> > > Plot(IIf(x>startbar-5,trendline,-
> > 1e10),"Trendline",colorYellow,styleLine);
> > > >
> > > > direction=WriteIf(mydegree >= 0 AND mydegree <= 0.99,"Flat
> > > > ",WriteIf(mydegree > 0 ,"Rising ",WriteIf(mydegree <
> > 0 , "Falling ",
> > > "")));
> > > >
> > > > DirectionColor=LastValue(IIf(mydegree >
> > > 0,colorBrightGreen,IIf(mydegree < 0,
> > > > colorRed,IIf(mydegree >= 0 AND mydegree <=
> > 0.99 ,colorYellow,Null))));
> > > >
> > > > Title=Name()+"..."+Date()+"\n"+"TRENDLINE is
> > > > "+EncodeColor(directioncolor)+direction+En
> codeColor(colorBlack)
> > +"at
> > > "+"( "+
> > > > WriteVal(mydegree,1)+" )"+" Degrees";
> > > >
> > > >
> > > >
> > > > //plotting ( x, y ) grid
> > > >
> > > > Plot(startbar==x,"",colorRed,styleHistogram|styleOwnScale);
> > > >
> > > > Plot(ValueWhen(startbar==x,Low),"",colorRed,styleLine);
> > > >
> > > > //-----------------------------------//
> > > >
> > > > // Automatic Anlaysis window Output //
> > > >
> > > > //-----------------------------------//
> > > >
> > > > // Settings : //
> > > >
> > > > // n last quotations and n=1 //
> > > >
> > > > // explore //
> > > >
> > > > //-----------------------------------//
> > > >
> > > > Filter=mydegree > 0 OR mydegree <0;
> > > >
> > > > AddColumn(mydegree,"Degree",1);
> > > >
> > > >
> > > >
> > > >
> > > > ---
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