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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Chris G. who wrote (3009)	1/13/1998 1:15:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 11149

Chris: That's where I'm headed in this slope imbroglio, if I don't slip to the bottom. I want to get a scan that gives the slope of indicators such as MACD and Dahl. It would be easy to use the simpler formula for slope that Jeff Grover Sugas gave, but I'm looking for a snazzier formula that uses linear regression. As I said to Sean, I use the MSWIN and Window on Wall Street formula for slope with Dahl, like this: slope(fml("Dahl's primary trend"),3)>0 So stay tuned. We'll eventually solve the riddle of the MSWIN formula. Then all sorts of slope formulas will be worked out for indicators. If I give up on the MSWIN formula, I'll use another formula I have, which uses simple moving averages, comparing moving averages of two periods. Brooke

To: Chris G. who wrote (3009)	1/13/1998 1:20:00 PM
From: TechTrader42	Read Replies (2) \| Respond to of 11149

P.S.: Here's Jeff Grover's slope formula, ready to run: //Slope by Jeff Grover output="slope.lst"; DaysToLoad = 500; float b, refday, daysback, y, x, slope; b := 0; // don't believe this matters refday := 0; // end day daysback := 15; // days back to calculate from y := close(0) - close(refday-daysback); // "rise" over number of days x := refday-daysback; // "run" or number of days slope := (y - b) / x; // slope = rise / run println Symbol , "," , " Slope:", slope;