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Direct MessagesDate/Time: Mon, 29 Apr 2024 08:37:06 +0000
[User Discussion] - Including slope of a line in calc
View Count: 1413
| [2015-01-12 17:29:57] |
| User20214 - Posts: 24 |
|
Hi everyone, Is there a way to incorporate the formula for a slope (rise over run) into a Sierra equation? I have the following equation which gives me a signal when price turns after three consecutive bars of the same direction, up or down: =OR(AND(SG3[0]>SG3[-1],SG3[-1]<=SG3[-2],SG3[-2]<=SG3[-3]),AND(SG1[0]<SG1[-1],SG1[-1]>=SG1[-2],SG1[-2]>=SG1[-3])) This is working fine, but it generates signals also when prices go sideways. I would prefer a signal generated when prices were moving up/down on a 45 degree or greater. So I’m looking to incorporate the slope of a steep line (or ema) into the filter. Is it even possible to do so with Sierra Charts? I can’t find any thread in the forum on this topic. Perhaps it is too simplistic. Any ideas? Thanks in advance. |
| [2015-01-12 22:40:05] |
| Sawtooth - Posts: 3982 |
|
Since the x and y axis scaling affects a visual angle, you'd first need to determine what value differentiation of the line creates a 45 degree angle, then include it in the formula: AND(SG3[0]>SG3[-1],SG3[-1]<=SG3[-2],SG3[-2]<=SG3[-3],SG3[0]-SG3[-3]>TICKSIZE*2) or AND(SG3[0]>SG3[-1],SG3[-1]<=SG3[-2],SG3[-2]<=SG3[-3],SG3[0]-SG3[-3]>0.5) |
| [2015-01-12 23:45:02] |
| User20214 - Posts: 24 |
|
Thanks tomgilb, Will give it a whirl on both the ticksize diff and the numerical diff. Appreciate the help. |
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