[N57H]

Hi,

An idea for a good RS patterns "scanner".

If we could create an indicator that will show the gradient of the MA as a % it will be very helpful to see power trends or bases.

If the gradient of the MA is near to 0% then we know that the stock is creating a base.

If the gradient is near to 90% then is a super power trend.

Negative gradient will indicate down trend.

Any idea how to do it?

Thanks

[Tams]

Originally Posted by N57H »

Hi,

An idea for a good RS patterns "scanner".

If we could create an indicator that will show the gradient of the MA as a % it will be very helpful to see power trends or bases.

If the gradient of the MA is near to 0% then we know that the stock is creating a base.

If the gradient is near to 90% then is a super power trend.

Negative gradient will indicate down trend.

Any idea how to do it?

Thanks

this has been done... but I can't locate the code at the moment.


you can start with the GradientColor keyword.

[Tams]

GradientColor


Returns an RGB color number, representing a shade of color from within a defined color range.

The gradient shade of color is determined by the value of the specified numerical expression in relation to the defined value range.

For example,
if the color range is defined as White to Black,
and the value range is defined from 0 to 2,
GradientColor will return an RGB color number representing White for the value of 0,
Gray for the value of 1,
and Black for the value of 2.

White will be returned for all values < 0, and Black for all values > 2.


Usage

GradientColor( Value, Min, Max, StartColor, EndColor )

Where:
Value – the specified numerical expression
Min – the minimum value of the value range; if Value = Min, StartColor is returned
Max – the maximum value of the value range; if Value = Max, EndColor is returned
StartColor – the starting color of the color range
EndColor – the ending color of the color range


Example

Plot an ADX indicator in Gradient Color,
where Magenta gradually changes into White for the indicator values from 5 to 50:


Variable: ADXValue( 0 );

ADXValue = ADX( 14 );

Plot1( ADXValue, "ADXValue" );

SetPlotColor (1, GradientColor( ADXValue, 5, 50, Magenta, White ));




source: EasyLanguage manual

[estate1997]

This is out of Trade Station help. It takes hours to find anything there so I always copy and past them into word.
Good luck.

Any one have a simple program to make a few bucks on ES mini that they would like to share. I have not been able to clean mine up up to the point that I feel safe turning them on.
Thanks.



How to make a SLOPE or ANGLE Calculation and plot it.
There are many ways to do this in EL/tradestation this is one method I prefer.

Angle = Price Range / Bar Count
One bars worth will look choppy ... so I always average the result.
If you calulate the angle or slope each bar if become a variable the can be back-referenced.

example:
Input: Showme(True);
var:angle(0), angleMA(0);


if Showme then begin
Angle = C-C[1];
{or something like this}
Angle = (C-C[3])/3; {etc...}

AngleMa = xaverage(Angle,3);

if AngleMA > AngleMA[1] then begin
Plot1(AngleMA , "MA",Tool_Green,0,1); { 0-6 -last number changes line thickness}
else begin
Plot1(AngleMA , "MA",Tool_Red,0,1);{t he opposite condition}
end;{of_ShowMe}

[N57H]

I wish i have an idea how to write it...

Too complicated for me

Thanks

[estate1997]

N57H,
If your looking for a good slope, use linear regression channels. If you use TS and need help, click help/index then enter linear and look for slope for the formula.
Good luck

[Tams]

[Tradewinds]

The trick is determining what the slope actually means. By the time a MA line shows a peak, you are already way to late, the price has already dropped. So you need to look at slope still going up, but not going up as much. Momentum is slowing.

But MA lines have all kinds of problems. In a nice smooth, trending market, they will work just fine. But price does all kinds of things. Price will retrace, it will look like it's going up, and then go down. MA lines are terrible for those kinds of situations.