EMA 45 degres Uptrend

Inertia · 2018-05-12T05:57:16+00:00

Hi dream team ! How can we code this “EMA (x°) uptrend” please ? Thank you 😉

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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

Legend

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.

x-2.jpg x2.jpg

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!

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05/13/2018 at 11:42 AM #70281 quote

robertogozzi
Moderator

Legend

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

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