Measuring the slope of studies

[dk]

Hi, I would be grateful if someone could explain how to go about measuring the slope of a study - e.g. - a moving average so that it outputs a value which can be used in filtering rules for an indicator.

I'm very new to efs and coding generally but hey, trying to learn more everyday

If there is some example code somewhere that would be great - I haven't found anything on the site yet.

Thanks

[ACM]

Re: Measuring the slope of studies

dk
You can calculate the slope expressed as a percentage using the following equation
var myStudy = sma(10)
var slope = ((myStudy.getValue(0)/myStudy.getValue(-1))-1)*100
or you can use a 1 period ROC of the average which will return the same eg
var slope = roc(1, sma(10))
Also try searching the forums for the keyword slope and you will find many other examples as this topic has been discussed before
Alex

Originally posted by dk
Hi, I would be grateful if someone could explain how to go about measuring the slope of a study - e.g. - a moving average so that it outputs a value which can be used in filtering rules for an indicator.

I'm very new to efs and coding generally but hey, trying to learn more everyday

If there is some example code somewhere that would be great - I haven't found anything on the site yet.

Thanks

[dk]

thanks Alex

[ACM]

dk
My pleasure
Alex

Originally posted by dk
thanks Alex