Re: TL Angle function

["Michael Tepper" <miketep@xxxxxxxxxxx>]

Hi Bob,

Since the angle is so dependent upon the graphic, I think it's
not reliable. I think the trendline needs to be standardized.  I am working
on that aspect; so when a signal occurs, regardless of the nominal value of
the market, the signal would occur at the same time and point on any other
market.

Thanks,
Michael


----- Original Message ----- 
From: <rlyness@xxxxxxxxxxxxxxxx>
To: "Michael Tepper" <miketep@xxxxxxxxxxx>
Sent: Wednesday, December 10, 2003 5:17 PM
Subject: Re: TL Angle function


> Michael,
> Have you tried setting the price chart to log instead of linear?
> Bob
>
> ----- Original Message ----- 
> From: "Michael Tepper" <miketep@xxxxxxxxxxx>
> To: "Steve Guiot" <guiot@xxxxxxx>; <Omega-list@xxxxxxxxxx>
> Sent: Wednesday, December 10, 2003 10:58 AM
> Subject: Re: TL Angle function
>
>
> > Steve, after some experimentation, I found that your points are true.
> >
> > I charted a stock and determined the angle of a trendline.  Then I
> > multiplied by 10 the stock data, and the same trendline --that is,
> > connecting the same two high bars--produces a different angle.
> >
> > What does this say about trendlines?
> >
> > ----- Original Message ----- 
> > From: "Steve Guiot" <guiot@xxxxxxx>
> > To: <Omega-list@xxxxxxxxxx>
> > Sent: Tuesday, December 09, 2003 3:29 PM
> > Subject: Re: TL Angle function
> >
> >
> > > This is really not answering your question but are you sure you want
> > > anything to do with angles?  Did you know that the angle is dependent
> > > on the screen and not the price.  If you widen or narrow the bars or
> > > zoom in or out on the chart the angle value changes.  If you want the
> > > calculation to always be constant no matter how you view it, consider
> > > using the slope.
> > >
> > >
> > > -------Original Message-------
> > > From: Michael Tepper
> > >
> > > After adding a Trendline on two points in a chart (highs) and
> > > clicking on it I get the angle, this value looks like a normal angle
> > > (-30.9) degrees.
> > >
> > > If I use the TLAngle function between the same points, the resulting
> > > value is different.
> > >
> > > TLAngle(HIGH[39],39,HIGH[0],0) = -4.42
> > >
> > > How do I get the -30.9 in a trading system?
> > >
> >
> >
>
>