EMA 45 degres Uptrend

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  • 05/12/2018 at 6:57 AM #70237 quote
    Inertia
    Participant
    Master

    Hi dream team !

    How can we code this “EMA (x°) uptrend” please ?

    Thank you 😉

    05/12/2018 at 10:29 AM #70242 quote
    robertogozzi
    Moderator
    Master

    No, we CAN’T!

    As you can see from the attached pic made with the help of eXcel, all of the 3 examples are uptrending, but their grade is different.

    You can only tell uptrends as Higher Highs & Higher Lows and downtrends as Lower Highs & Lower Lows!

    You may detect a downtrending EMA  comparing its value, say, now and 10 bars ago and 20 bars ago…. if it’s always decreasing you may assume there is a downtrend ongoing (in that TF), but you cannot grade it.

    05/12/2018 at 12:40 PM #70254 quote
    Inertia
    Participant
    Master

    Grazié à Lei Roberto for your complete answer.

    Appreciated.

    05/13/2018 at 10:58 AM #70279 quote
    Vonasi
    Moderator
    Master

    Similar I think to what Robertogozzi said you can apply a gradient score to the average by subtracting the average level x bars ago from the average level now and dividing by x. By comparing different values of x you can confirm whether the steepness of gradient is increasing or decreasing.

    Could you not then also return this as degrees by the following formula?

    Period = 200 //Average period
x = 1 //Number of bars to look back

Gradient = (ExponentialAverage[Period](close) - ExponentialAverage[Period](close[x]))/x

Angle = ATAN(Gradient)

Return 0, Angle
    05/13/2018 at 11:25 AM #70280 quote
    Vonasi
    Moderator
    Master

    Sorry – please ignore the code in the last post as I just realised that one side of the gradient calculation is an unknown distance in pips so the calculation will not return a true angle. Back to school for me I think!

    Inertia thanked this post
    05/13/2018 at 11:42 AM #70281 quote
    robertogozzi
    Moderator
    Master

    Useful links

    https://futures.io/articles/trading/Concept-of-Slope-Angle-in-indic

    https://www.mql5.com/en/forum/126291

    https://ninjatrader.com/support/forum/showthread.php?t=60266

    Inertia and Bard thanked this post
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EMA 45 degres Uptrend


ProOrder: Automated Strategies & Backtesting

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Inertia @inertia Participant
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This topic contains 5 replies,
has 3 voices, and was last updated by robertogozzi
7 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/12/2018
Status: Active
Attachments: 2 files
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