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Strategies & Market Trends : TA-Quotes Plus

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To: Chris G. who wrote (3019)1/14/1998 1:50:00 AM
From: Craig DeHaan  Read Replies (3) of 11149
 
Chris-

MS equivalent to WOW Slope is LinRegSlope(Data Array, Periods). For both a slope value (angle of plot) to be increasing, depending on the time frame considered in the periods variable, and for Dahl to be above 0 you specify both the "Dahl primary trend" formula >0 and the LinRegSlope value of the Dahl formula to be >0. The 3 period frame is a short term test; default is 14. Using Ref function the slope of any plot can be compared to yesterdays slope value additionally to determine if the value is increasing or decreasing in magnitude. But whenever its greater than 0 (based on the period timeframe specified) you know that the slope (linear regression best fit angle) is positive.

Hope I don't detract from the genious of recent discussion on this subject with an explanation at this basic level, but it seemed like it would answer your question.
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