I read this indicator description and wondering if someone can help with this simple indicator.
X = EMA ( (H + L + C) /3 )
Y = 2 * ( (X - X(-1)) / (X + X(-1))
Relative Slope = 100 * EMA ( Y ) smoothed with period 3
Authored by Dimitris Tsokakis, the relative slope takes an exponential moving average of typical price (HLC/3), commonly a 20 period EMA but the period is customizable. It then takes the resulting values, and for each value, the previous value is subtracted and the result is divided by the sum of the two values. These results are then further smoothod with a 3 period EMA
Here is a link from investor RT with further explanantion
Any help will be appreciated. I am not a programmer so i have little knowledge on how to program this simple indicator. i guess most of you guys can whip this in about 2 minutes.
Any help will be appreciated.
Thanks
Jacob
X = EMA ( (H + L + C) /3 )
Y = 2 * ( (X - X(-1)) / (X + X(-1))
Relative Slope = 100 * EMA ( Y ) smoothed with period 3
Authored by Dimitris Tsokakis, the relative slope takes an exponential moving average of typical price (HLC/3), commonly a 20 period EMA but the period is customizable. It then takes the resulting values, and for each value, the previous value is subtracted and the result is divided by the sum of the two values. These results are then further smoothod with a 3 period EMA
Here is a link from investor RT with further explanantion
Any help will be appreciated. I am not a programmer so i have little knowledge on how to program this simple indicator. i guess most of you guys can whip this in about 2 minutes.
Any help will be appreciated.
Thanks
Jacob
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